Credit Cards Key » CreditCardsKey » Credit Card Calculator » Where can I find a chart with all that affects a credit score and by how many points?

Reply
  #1 (permalink)
: For example, does paying your credit card account totally gives you any points? What specific steps can you take to raise your credit score in the most effective way, without hindering your score in the process?

  Reply With Quote
  #2 (permalink)
: That information is a closely guarded trade secret, about the only thing we do know is scores are based on the following factors;

1. Payment history (longer the better) 35%
2. Time in bureau (longer the better) 15%
3. Types of credit (mix of revolving and installment) 10%
4. New credit (new accounts and inquiries) 10%
5. Debt to credit ratio (lower the better) 30%

There is a calculator at myfico.com where you can play around and punch in different things to see how it would affect your score.
  Reply With Quote
more..

Reply

Bookmarks

Thread Tools


Similar Threads
Thread Thread Starter Forum Replies Last Post
can removing a person as an authorized user on your credit card affects her/his credit score? Josie Best Credit Cards 1 11-22-2013 04:05 PM
what affects your credit rating most and how and how long does it take to repair it to a good score? Nicky Best Credit Cards 1 08-11-2013 01:05 PM
What affects a credit score? How do you get it to increase/stay the same? HPLover Credit Cards Compare 3 11-19-2012 10:07 PM
What Affects Credit Scoring? Vahe Credit Card Interest 4 11-30-2011 09:13 PM
Which affects credit score more? sylent_reality Credit Cards 2 08-28-2011 04:08 AM

Friendly Sites:

Copyright 2014, CreditCardsKey.com. All Rights Reserved