Five Factors of Credit Scoring

Payment History
35%
Capacity
30%
Length of Credit History
15%
Types of Credit
10%
New Credit
10%
  • 30 Day Late Payments
  • Charge Offs & Collections
  • Short Sale & Foreclosure
  • Tax Liens & Judgements
  • Revolving Credit Cards
  • Balances Under 50%
  • Optimum is 30-35%
  • Credit Score Impact
  • Building Credit History
  • Closing Credit Cards
  • Credit Score Impact
  • Authorized User Account
  • Installment
  • Mortgage
  • Revolving
  • Proper Mix of Accounts
  • Opening New Accounts
  • Pulling Your Credit
  • Purchasing a Vehicle