The FICO model calculates your score based on five key components: : Records of on-time or missed payments. 30% Amounts Owed : Total debt and credit utilization ratios.
: How long accounts have been open.
Learn about your credit report and how to get a copy | USAGov creditscoreinformation
Credit Score Overview A credit score is a typically ranging from 300 to 850 that summarizes your creditworthiness. Higher scores indicate to lenders that you are a lower-risk borrower. Common Credit Scoring Models The FICO model calculates your score based on