• Fee record
• Complete balance
• Length of credit rating
• Style of credit
• The fresh borrowing from the bank

Full balance due matters to own 31% and you will considers new part of borrowing available to a beneficial individual that will be utilized, which is also known as borrowing application. Duration of credit rating counts to have fifteen%, having expanded borrowing from the bank histories becoming experienced less risky, as there is more research to determine fee background.

The kind of borrowing utilized counts getting ten% out-of a credit score and you will reveals if a person enjoys a combination of cost credit, particularly car and truck loans or mortgage loans, and you can http://cashadvancecompass.com/personal-loans-ms/bolton rotating borrowing, such as for instance handmade cards. Read more