Apr 18, 2015
How is My Credit Score Calculated?
Your credit score is calculated based on a number of factors listed in your credit history that describe components of your financial life including the number and type of credit accounts you have, the amount of available credit, the length of your credit history and your payment history. Each of these factors is assigned a numerical value, and then weighted based on how prominently they affect your credit worthiness.
Each of the credit reporting bureaus analyzes your credit history and weights these factors differently, but they generally follow this breakdown:
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