How They Size You UpAs the use of credit scores expands outside of the lending industry to help other businesses and organizations determine a variety of risks, the health of your credit becomes an even more important factor in your personal finances.
- 35% payment history (only includes payments later than 30 days)
- 30% debt-to-credit ratio
- 15% length of credit history
- 10% new credit
- 10% type of credit in use (installment, revolving, consumer finance)