The exact formula for a credit score differs from between people; however, we do know the factors that go into your score.
Solid financial management is what having a good credit score is all about.
This takes into consideration the debt payments you have in terms of number, amount, and timeliness.
This includes all debts such as mortgage, car, and personal loans.
When your accounts have been opened and closed.
Types of Credit
This includes credit cards, mortgages, installment loans, student loans, and more.
The amount of new credit being sought and the number of times you allow financial institutions to examine your credit score (e.g., when you apply for a credit card or loan)