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According to Fair, Isaac Company, the following
is a comprehensive list of factors that are considered when calculating a FICO score.
PAYMENT HISTORY: 35%
- Account payment information on specific types of accounts (credit cards, retail accounts, installment loans, finance company accounts, mortgage, etc.)
- Presence of adverse public records (bankruptcy, judgments, suits, liens, wage attachments, etc.) collection items, and/or delinquency (past due items)
- Severity of delinquency (how long past due)
- Amount past due on delinquent accounts or collection items
- Time since (recency of) past due items (delinquency), adverse public records (if any), or collection items (if any)
- Number of past due items on file
- Number of accounts paid as agreed
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OUTSTANDING DEBT: 30%
- Amount owing on accounts
- Amount owing on specific types of accounts
- Lack of a specific type of balance, in some cases
- Number of accounts with balances
- Proportion of credit lines used (proportion of balances to total credit limits on certain types of revolving accounts)
- Proportion of installment loan amounts still owing (proportion of balance to original loan amount on certain types of installment loans)
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CREDIT HISTORY: 15%
- Time since accounts opened
- Time since accounts opened, by specific type of account
- Time since account activity
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INQUIRIES AND NEW ACCOUNTS: 10%
- Number of recently opened accounts, and proportion of accounts that are recently opened, by type of account
- Number of recent credit inquiries
- Time since recent account opening(s), by type of account
- Time since credit inquiry(s) NOTE: Mortgage and Auto industry inquiries are ignored for the past 30 days from access,
and all inquiries from these industries in any 14-day period beyond 30 days are deduped as only one.
- Re-establishment of positive credit history following past payment problems
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TYPES OF CREDIT IN USE: 10%
- Number of (presence, prevalence, and recent information on) various types of accounts (credit cards, retail accounts,
installment loans, mortgage, consumer finance accounts, etc.)
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