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What’s in my FICO® Score?

How my FICO Score is calculated
The FICO Score is calculated from several different pieces of credit report. This data is grouped into five categories as outlined below. The percentages in the chart reflect how important each of the categories is in determining how your FICO Score is calculated. Your FICO Score considers both positive and negative information in your credit report. Late payment
will lower your FICO Score, but establishing or re-establishing a good track record of making payments on time will raise
your score.

Payment History
The first thing any lender wants to know is whether you’ve paid past credit
accounts on time. This is one of the most important factors in a FICO Score.
Amount Owed
Having credit accounts and owing money on them does not necessarily mean
you are a high-risk borrower with a low FICO Score.
Length of Credit History
In general, a longer credit history will increase your FICO Score.
However, even people who haven’t been using credit long may have a
high FICO Score, depending on how the rest of the credit report looks.
Types of Credit
The score will consider your mix of credit cards, retail accounts,installment loans, finance company accounts and mortgage loans.
New Credit
Research shows that opening several credit accounts in a short
period of time represents a greater risk — especially for people who
don’t have a long credit history.


Importance of categories varies per person
Your FICO credit score is calculated based on these five categories. For some groups, the importance of these categories may vary; for example, people who have not been using credit long will be factored differently than those with a longer credit history. 

The importance of any one factor in your credit score calculation depends on the overall information in your credit report. For some people, one factor may have a larger impact that it would for someone with a much different credit history. In addition, as the information in your credit report changes, so does the importance of any factor in determining your FICO Score. 

Therefore, it’s impossible to measure the exact impact of a single factor in how your credit score is calculated without looking at your entire report. Even the levels of importance shown in the FICO Score chart are for the general population, and will be different for different credit profiles.