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What's in your FICO Score?

By
Real Estate Agent with Berkshire Hathaway HomeServices | Pen Fed Realty 3107554

Where do the numbers come from to create my FICO score?  What is the highest FICO score possible?

The numbers are pulled from the following sources:

Payment History makes up 35% of your FICO score.

Amounts Owed makes up 30% of your FICO score.

Length of Credit History makes up 15% of your score.

New Credit makes up 10% of your FICO Score.

Types of Credit Use makes up 10% of your FICO Score.

So what is a perfect score?  850 points.

You can get a FREE credit report once a year at http://www.annualcreditreport.com

Kelly Klein

Lifeguard Real Estate, Inc.

850-420-2480

Buyer's Rep in Destin, Santa Rosa Beach, and Panama Ctiy Beach, FL.

Comments (3)

Christina ONeal
At Home Real Estate Group - Ripon, CA
Realtor - Ripon California

I wondered what some of those things meant.  I really thought that 800 was a perfect score.  Thank you for laying this out there.

 

Mar 03, 2011 03:34 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Kelly, the free reports you can get once a year dont include your fico score I believe, or am I wrong?  I know the free credit reports I have gotten didn't have the FICO score on them?

Mar 04, 2011 01:59 AM
Anonymous
Kelly Klein

Hi Kristin,

You are correct.  You can get your free credit report, but the FICO score does have a cost associated with it.

Thank you for adding this to my post.

Kelly

Mar 05, 2011 02:06 AM
#3