5 Components that Determine Your Credit Score

1. 

35% of your score is derived from payment

history, collections and public records.

2.

30% of your score is derived from outstanding

balances being carried on accounts.

3.

15% of your score is derived from the length of

their credit history.

4.

10% of your score is derived from what types of

credit they have.

5.

10% of your score is derived by the frequency

and number of inquiries.