Ever wonder what makes up your credit score?
Posted by JASON FETROW on June 18, 2009
Payment History – 35%
· Delinquencies
· Time since last derogatory credit
· Judgments, bankruptcies or liens
Capacity – 30%
· Amount owed on all accounts
· Proportion of balances to limits
Age of credit history – 15%
· Age of each account
· Length of time since account has been opened
Pursuit of new credit – 10%
· Inquiries
· Time since last account was opened
· Length of time since credit inquiries have been made
Type of credit used — 10%
· Number of revolving accounts
· Number of finance company accounts
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