Saturday, September 4, 2010

What Makes Up a Credit Score?

September 20, 2009 by admin · Leave a Comment 

Fair Isaac Corporation uses 22 pieces of data collected from the three major credit bureaus to produce a FICO score (your credit score) with the lowest possible score of 300 and 850 as the highest possible score. There are 5 weighted categories used to determine your score.
• Payment history 35%
• Debt 30%
• Length of Credit history 15%
• New Credit [...]