Factors That Do Not Impact Your Credit Score

The inner workings of the FICO credit scoring system are secret, but FICO does disclose the general components of its system. FICO says 35% of the score is based on payment history, 30% on your amount of debt (using more than 30% of your available credit will impact your score), 15% is based on the length of your credit history, and 10% of the score is based on such things as the number of new credit accounts opened.

According to information collected by creditcards.com, what does not count in scoring are factors that one might believe would be important in determining credit-worthiness–your income, your assets, interest rates on current loans, your marital status and demographics.

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