Credit Score

The exact formula for a credit score differs from between people; however, we do know the factors that go into your score.

Credit Score Pie Graph

Solid financial management is what having a good credit score is all about.

Payment History

This takes into consideration the debt payments you have in terms of number, amount, and timeliness.

Total Debts

This includes all debts such as mortgage, car, and personal loans.

Credit History

When your accounts have been opened and closed.

Types of Credit

This includes credit cards, mortgages, installment loans, student loans, and more.

New Credit

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)

Check your credit score @ Myfico.com