FICO Credit Scores Parts

Posted by Sarah Parker on Mar 25th, 2009
2009
Mar 25

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Payment history – 35% of a FICO score
You should always pay your credit accounts on time. Always remember that a good record of on-time payments helps your score. Bankruptcies and late payments can hurt your credit score so avoid them.

How much you bear – 30% of a FICO score
FICO scores check the amounts you owe on all your accounts. It also looks the total number of accounts and available credit you are using. The more you owe in comparison with your credit limit, your score will be lower. Continue reading …