: Variety of account types (e.g., credit cards, mortgages). 10% New Credit : Recent inquiries and newly opened accounts. How to Access Your Information
You can monitor your credit information through several official and free channels:
Learn about your credit report and how to get a copy | USAGov creditscoreinformation
: Created collaboratively by the three major bureaus (Experian, TransUnion, and Equifax ) in 2006. Score Ranges (General) Exceptional/Excellent : 800–850 Very Good : 740–799 Good : 670–739 Fair/Average : 580–669 Poor : 300–579 Factors Influencing Your Score
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. : Variety of account types (e
: How long accounts have been open.
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 Credit Score Overview A credit score is a
Most lenders use one of two primary scoring systems to evaluate your financial health: : The industry standard since 1989.