Credit basics

Payment history is the most important factor in calculating your FICO® credit score. Your payment history accounts for over a third of your overall FICO credit score,

Amounts Owed reflects  how much you owe each creditor individually and in total. It includes your utilization rate for revolving lines of credit (e.g. credit

Five different factors affect your credit score, and your length of credit history is right in the middle in terms of impact, behind payment history and credit

New Credit is the new account opening activity and any recent ‘hard’ credit inquiries from lenders on your credit report. Approximately 10% of a FICO® Score is based on

Credit Mix is the types of credit used. Examples may be revolving credit cards or revolving lines of credit,  or installment credit like a fixed loan amount.