What affects my credit score?

Many different types of credit data are used in your credit report to determine your credit score. Your FICO scores are calculated based on the five categories below. For some groups, the importance of these categories may vary; for example, people who have not been using credit long will be factored differently than those with a longer credit history. Both negative and positive information is considered in your credit report. Late payments will lower your scores, but establishing or reestablishing a good payment history will raise your score over time.

  • 35% – Payment history
  • 30% – Amounts Owned
  • 15% – Length of Credit History
  • 10% – Credit Mix
  • 10% – New Credit

Free Annual Credit Report

AnnualCreditReport.com provides a free annual credit report you can view and print online. Access your free Annual Credit report at https://www.annualcreditreport.com/index.action.

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