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35% Payment History

30 % Amounts Owed

15% Length of Credit

History

10 %Types of Credit

used

10% New Credit

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14y ago

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What are the top 2 factors in your FICO score?

The top 2 factors of FICO score are payment history and amount owed. Payment history has a 35 % of the total score, while amount owed has a 30 % of the total score.


If you reduce your credit limit on a credit card does it affect your credit score?

yes, it will lower your FICO score.


Is FICO score and credit score the same thing?

IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?


How can i increase your fico score?

Which action will help increase a low FICO score?


Why does a 'Fico Score' fluctuate so much?

Your FICO credit score is based on a number of factors: how long you have had credit, how much credit you have, how much money you owe, whether you pay your bills regularly and on time, whether you have many late payments, whether you were ever in bankruptcy or default on a loan, etc. Because any (or all) of these factors can change, so can your FICO score.


Can you get a good mortgage rate with a FICO score of 686?

FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.


How does a FICO score of 672 affect being accepted for home loans?

It affects your interest rate.


Is your beacon score and FICA score the same?

A beacon score is just the name given to the equifax branded FICO score. So your FICO score and beacon score will be the same if your FICO score is pulled using your equifax credit report.


How can a FICO credit score be obtained?

A FICO score is obtained with information taken from a person's available credit information. The score is sold by the FICO Company to interested financial institutions.


What does your credit score start out as?

There is no starting credit score. The FICO credit score ranges from 300 to 850, but if someone doesn't have any credit at all, the score will be reported as N/A. According to the Fair Isaac Company (FICO) you need 6 months of account information in order to get a FICO credit score. The score itself will be determined based on several factors such as your utilization rate, type of account, payment history, inquiries, etc....


What percent of borrowers have a FICO score greater than 740?

Approximately 20% of borrowers have a FICO score greater than 740.


What is the highest possible FICO score?

900 Sorry, 900 is not it Highest FICO score is 850 http://www.myfico.com.