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NOTE
A FICOŽ score takes into consideration all these
categories of information, not just one or two.
No one piece of information or factor alone will determine your score.
The importance of any factor depends on the overall
information in your credit report.
For some people, a given factor may be more important than for someone
else with a different credit history. In addition, as the information in
your credit report changes, so does the importance of any factor in
determining your FICOŽ score. Thus, it's impossible to say exactly how
important any single factor is in determining your score - even the levels
of importance shown here are for the general population, and will be
different for different credit profiles. What's important is the mix of
information, which varies from person to person, and for any one person
over time.
Your FICOŽ score only looks at information in your
credit report.
However, lenders look at many things when making a credit decision
including your income, how
long you have worked at your present job and the kind of credit you are
requesting.
Your score considers both positive and negative
information in your credit report.
Late payments will lower your score, but establishing or
re-establishing a good track record of making payments on time will raise
your FICOŽ credit score.
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