Although not, FICO — probably the most widely used credit rating company — does publish what kinds of analysis they considers, and just how much it weighs in at each basis.
- Percentage history (35% out-of get)
- Quantity due (30% out-of rating)
- Credit score size (15% off rating)
- Credit mix (10% regarding get)
- The borrowing (10% out-of score)
- Could you pay-all the money you owe punctually each month? (Payment records)
- Will you be maxing out your handmade cards? (Numbers owed)
- Have you got a solid reputation of repaying personal debt? (Credit history size; old is the best)
- Do you know how to manage various sort of obligations? (Borrowing mix)
- Have you removed numerous the newest funds, credit cards, or any other different credit has just? (The newest credit)