Cryptocurrency Q&A
What are the 5 major factors that these companies use to determine a credit score?
What are the 5 major factors that these companies use to determine a credit score?
Caterina
Sun Jan 12 2025
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7
answers
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I am trying to understand the five main criteria that companies consider when they calculate a credit score. I want to know the specific factors that influence this important financial metric.
7 answers
CryptoNerd
Tue Jan 14 2025
Amounts owed constitute the second category, contributing 30% to your score.
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Michele
Tue Jan 14 2025
The third category is the length of your credit history, making up 15% of the total.
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DigitalDynastyQueen
Tue Jan 14 2025
FICO Scores encompass various aspects of credit data from your credit report.
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CryptoVisionary
Tue Jan 14 2025
New credit inquiries form the fourth category, impacting 10% of your FICO Score.
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WhisperEcho
Tue Jan 14 2025
The calculation of these scores involves five main categories.
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