What are the factors that determine your credit score?

Shelby G asked:


Also, what makes you lose or gain points in your credit score?
What is considered to be the average credit score?

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This entry was posted on Sunday, August 30th, 2009 at 8:44 pm and is filed under Credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “What are the factors that determine your credit score?”

1. 2blessedby3 Says:
   September 1st, 2009 at 4:08 pm

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   * Payment history – 35%
   * Amounts owed – 30%
   * Length of credit history – 15%
   * New credit – 10%
   * Types of credit used – 10%

   # We’re the inventor of the FICO® score
   # We’re the only site offering all 3 of your FICO® scores
   # The median FICO® score in the U.S. is 723

2. ASV78 Says:
   September 5th, 2009 at 12:21 am

   get credit

   factors are:
   1-length of credit history, and what kind of accounts you have been paying ( credit cards- auto loans. the longer the better as long as your accounts have always been paid on time. no late payments or collections.
   2-your credit lines the higher credit lines you have the better u are.
   3- unused credit, the higher the amount of credit that is available to you and you do not used, the better.

   the national average credit score is about 680.

3. kate Says:
   September 5th, 2009 at 1:17 pm

   get credit

   Fair Issac recently changed their formula ,
   bookmark this for current info

   good luck

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