What are the factors that make your credit score? There are five factors that determine your credit score. The first is payment history. About 35% of your credit score may be based on how late I have been paying their bills (30, 60 or 90 days). The afternoon was the most negative effect this will have on their score. So are the issues that are public knowledge, such as bankruptcies and accounts that have gone to the library. About 30% of your credit score is based on the total amount owed. If you have, for example, a credit card is near its limit, it can negatively affect your score.
This means you can be better for you to have a lower balance of several different cards of a large balance on a card. The third factor in your credit score is the length of your credit history. If you have an account that has been open for long, it can have a positive effect on your credit score. About 15% of the score is based on the length of your credit history. About 10% of your credit score is based on a new debt the amount requested. So, if you have recently requested a number of new credit accounts, your score may be adversely affected, Your credit score also depend (about 10%) on the types of credit you have. For example, if you have loans from finance companies, this can negatively affect your score. Like it or not, your credit score also reflects their level of education.