Cryptocurrency Q&A
What are the 5 things that make up a credit score?
What are the 5 things that make up a credit score?
CryptoAlly
Sat Jan 25 2025
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7
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I want to know the five factors that contribute to a person's credit score. These are the elements that lenders consider when evaluating a loan application or a credit card request.
7 answers
Daniela
Mon Jan 27 2025
Your credit score is comprised of five key factors.
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SkylitEnchantment
Mon Jan 27 2025
Payment history accounts for 35 percent of your FICO score. This factor reflects your ability to repay debts on time and is a crucial indicator of your creditworthiness.
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Raffaele
Mon Jan 27 2025
The amount you owe constitutes 30 percent of your credit score. It measures how much of your available credit you're using and is a significant factor in determining your credit risk.
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Dario
Mon Jan 27 2025
Length of your credit history makes up 15 percent of your credit score. A longer credit history typically indicates a more established credit profile and can positively impact your score.
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Maria
Sun Jan 26 2025
Mix of credit in use contributes 10 percent to your credit score. This includes the variety of credit accounts you have, such as credit cards, loans, and mortgages, and how well you manage them.
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