Getting What I Want for LessBanking on my OwnThe Ins and Outs of CreditFinding the Job for Me

Do you have a Question you want answered?

If you can't find the answer to your question below, type in your question here. If appropriate, we'll post an answer on this website.
Survey Verification For verification that you are human, please enter the following code in the box below: TWVWER

(if the code is not entered correctly, the survey will not be submitted)
 
 

What is a credit score?

Your credit score, frequently called your FICO score, is a formula that includes for the following:

Repayment history

35%

Amount of credit owed

30%

Length of credit history

15%

No. of new accounts

10%

Type of accounts

10%

You get a credit score by having and using credit.  The credit cards you use, the car loan company and any other lenders will report how you pay your bills to a credit report agency.  This information is then used to develop your credit score. 

Un En Español:

View All Questions
UNIVERSITY OF CALIFORNIA COOPERATIVE EXTENSION
Copyright © 2008 - The Regents of the University of California. All rights reserved. • E-Mail Web Master • ANR Non-Discrimination Statement