These are the factors that make up your credit score.
35% payment history:
Paying bills on time increases your score and missed or late payments will hurt you.
35% payment history:
30% credit utilization.
Amount of available credit you use. To calculate, add up what you owe on each credit card and the limits.
30% credit utilization.
15% duration of credit history.
How long your accounts have been open and when it was last used.
15% duration of credit history.
10% Types of credit used.
What credit cards, loans and accounts a person has.
10% Types of credit used.
10% New credit rates.
How many accounts you have recently applied for and/or opened. Too much new credit can be seen as risky and hurt your overall score.
