Just Exactly Just How are Fico Scores Determined? Both TransUnion and Equifax utilize a wide range of factors whenever determining your credit history.

Just Exactly Just How are Fico Scores Determined? Both TransUnion and Equifax utilize a wide range of factors whenever determining your credit history.

While both of those have actually somewhat procedures that are different most of the time, the main factors are:

  • Payment History: Missing and payments that are late your charge card, home loan, etc. will decrease your score.
  • Financial obligation Levels: the quantity you owe (whether for student education loans, credit card debt, etc) therefore the amount of time you’ve owed the cash will impact your rating. utilizing a lot more than 40percent of the available credit may also have a negative impact.