Credit scores are calculated using mathematical tables with points assigned to each piece of information. These “scoring models” include factors that have been proven to predict future credit performance. The following are some examples of factors that will be used to calculate a credit score:

  • Number of open credit accounts
  • Amount of credit balances
  • Length of credit history
  • Number of credit inquiries
  • Past and current payment delinquencies
  • Other derogatory credit