not, FICO — by far the most widely used credit rating agency — do upload what kinds of data they considers, and just how far it weighs in at for each basis.
- Fee records (35% of get)
- Number owed (30% regarding rating)
- Credit score duration (15% from score)
- Borrowing blend (10% out of get)
- The brand new borrowing (10% away from score)
- Might you pay-all your financial situation promptly every month? (Percentage background)
- Have you been maxing out your handmade cards? (Quantity owed)
- Are you experiencing a powerful reputation for repaying personal debt? (Credit score size; old is perfect)
- Do you know how to deal with multiple form of personal debt? (Borrowing from the bank blend)
- Maybe you’ve removed numerous the new financing, credit cards, or any other forms of borrowing from the bank has just? (The credit)