How is credit scored.?

Verdie Wollen: by amounts of credit, types of credit, balances on credit in relation to limits of said credit, payment history.

Kellie Waycott: A credit score is a three-digit number that summarizes your history of paying off your loans, and increasingly, other bills. Spifman has the scoring system right for the most widely quoted credit score, the one for consumer credit issued by Fair Isaac, the oldest and largest provider of credit scores. There are other credit scores, however -- specialized scores for auto insurance, renters, job seekers, business owners -- and more added all the time. But if you're asking about basic consumer credit scores, the most important thing is to pay installment loans on time, every time (easier said than done, right?); keep at last one old account open (even if you don't use it) to show the longest possible history of on-time payments; and have a mixture of different types of credit to show you're an overall responsible borrower.If yo! u are asking about a type of credit score other than ordinary consumer credit, please provide a bit more detail and I'll be happy to add some more color.Good luck!...Show more

Renay Billiar: Go to the website below for good credit information. Short answer is that there are three credit bureaus and they all gather information an you and then turn the info into a number that is intended to represent your credit worthinesses. The formula used to determine the score was developed by the Fair Issac company, hence fico score.

Jose Calaycay: Scores are based on the following factors;1. Payment history 35%2. Time in bureau 15%3. Types of credit 10%4. New credit 10%5. Debt to credit ratio 30%...Show more