Cryptocurrency Q&A How is credit score determined?

How is credit score determined?

GeishaMelodious GeishaMelodious Thu Jan 23 2025 | 7 answers 1199
I want to know how a credit score is calculated. What factors are taken into account? How do these factors influence my credit score? Is it based on my payment history, debt levels, or other criteria? How is credit score determined?

7 answers

Giulia Giulia Fri Jan 24 2025
New credit inquiries can also affect your FICO score.

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CryptoNinja CryptoNinja Fri Jan 24 2025
A FICO credit score is determined by five key components.

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GyeongjuGlorious GyeongjuGlorious Fri Jan 24 2025
The length of your credit history is another important factor.

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Tommaso Tommaso Fri Jan 24 2025
Credit mix is the fifth factor considered in calculating your FICO score.

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ZenBalanced ZenBalanced Fri Jan 24 2025
Payment history plays a significant role in calculating your FICO score.

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