Credit.com, Wherever you stand, we stand by you.®
News | Education | Answers | Forum | CreditBloggers | Login  
Answers

Knowledgebase Home | Favorites | Forum
Search the Knowledgebase Browse by Category

[Advanced Search]
How is my credit score calculated?
Article Details

Last Updated
9th of April, 2009
Would you like to...
? Discuss
Print this page Print this page
Email this page Email this page
Post a comment Post a comment
Subscribe me
Add to favorites Add to favorites
Remove Highlighting Remove Highlighting
Edit this Article Edit this Article
Edit this Article Quick Edit
Export to PDF
User Opinions (1 vote)
100% thumbs up 0% thumbs down
How would you rate this answer?
Helpful
Not helpful
Your credit score is calculated by applying a mathematical algorithm to the information on your credit report. There are five main factors that go into your score: Your payment history, debts, credit age, your account diversity, and inquiry history. Your credit scores will likely fluctuate each time the data in your credit reports changes.

  1.  Payment History -- 35% (roughly 298 available points)
  2.  Debt -- 30% (roughly 255 available points)
  3.  How Long You've Had Credit (Credit Age) -- 15% (roughly 127 available points)
  4.  Variety of Accounts (Account Diversity) -- 10% (roughly 85 available points)
  5.  Your Efforts to Get New Credit (Inquiry History) -- 10% (roughly 85 available points

Related Articles