Factors in FICO Score

1. Payment History: 35%

·         40 % Most recent 12 months

·         30% Prior 12 to 24 months

·         20% Prior 24 to 36 months

·         10% Prior 36 to 48 months

·         0% Older than 4 years

2. Capacity (Amount You Owe): 30%

·         Installment balances compared to the original loan amounts.

·         Revolving account balance compared to revolving credit limit on an account-by-account basis;

·         Total revolving account balances compared to an individual's total revolving limits.

3. Length Of Credit History: 15%

4. Types Of Credit: 10%

5. New Credit: 10%

·         Number of accounts

·         Length of accounts

·         Recent requests for credit report

        ·         Time since credit report inquiries made by potential lenders