How are credit scores calculated?

It’s important to remember that there are many different credit scores and credit scoring models, or ways of calculating credit scores.

In general, however, credit score models consider the following types of information. Depending on the scoring model used, the weight each factor carries as far as impacting a credit score may vary.

  • The number of credit accounts you have
  • The types of credit accounts you have
  • Your used credit vs. your available credit
  • The length of your credit history
  • Your payment history

For more information, check out "How Are Credit Scores Calculated?"

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