Cryptocurrency Q&A
What are the 5 major factors that these companies use to determine a credit score?
What are the 5 major factors that these companies use to determine a credit score?
Caterina
Sun Jan 12 2025
|
7 answers
1879
I am trying to understand the five main criteria that companies consider when they calculate a credit score. I want to know the specific factors that influence this important financial metric.
7 answers
CryptoNerd
Tue Jan 14 2025
Amounts owed constitute the second category, contributing 30% to your score.
Was this helpful?
367
87
Michele
Tue Jan 14 2025
The third category is the length of your credit history, making up 15% of the total.
Was this helpful?
254
88
DigitalDynastyQueen
Tue Jan 14 2025
FICO Scores encompass various aspects of credit data from your credit report.
Was this helpful?
377
30
CryptoVisionary
Tue Jan 14 2025
New credit inquiries form the fourth category, impacting 10% of your FICO Score.
Was this helpful?
274
87
WhisperEcho
Tue Jan 14 2025
The calculation of these scores involves five main categories.
Was this helpful?
213
29
Load 5 more related questions
