Blog Post
Factors that Affect Your Credit Score A credit score is a number that represents the creditworthiness of a person and the likelihood of that person paying back their debts. It is predictive of risk, has made credit more widely available to consumers, and has lowered the cost for lenders, financial institutions, and similar providers. A credit score is primarily based on a statistical analysis of a person’s credit report information, typically from three major credit bureaus. 1. Payment History Once credit has been established, your credit score is based on five key factors. Firstly, payment history makes up 35% of your... read more →