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Score Factors

Many different factors affect your credit score and each will vary depending on what credit scoring system is used.

Credit Score Factors

Each credit scoring system uses mathematical algorithms to generate a rating to help lenders better assess your creditworthiness. Credit scoring systems can consider hundreds of factors from your credit history when calculating a score. Some of the most common include:

  • Credit history
  • Payment history
  • Public records
  • Utilization rate
  • New accounts
  • Number of inquiries

Reducing Your Credit Limit Could Hurt Your Credit Score

July 2, 2014

Dear Experian, I have one credit card with a zero balance and a $10,000 limit. Will my credit score be hurt if I reduce my limit to $5,000? - CGC

Closing Store Credit Cards Could Affect Your Credit Score

May 19, 2014

Dear Experian, Can closing a few of my department store credit card accounts affect my credit scores if I have established good credit and have high credit scores? My husband...

Credit Card Balance Can Affect Credit Scores

May 2, 2014

Dear Experian, My credit score factors say “amount owed on revolving accounts is too high,” but I pay the balances off every month. I make more than $1 million per...

Balance-to-Limit Ratio vs. Debt-to-Income Ratio

March 28, 2014

Dear Experian, What is the appropriate balance-to-limit or debt-to-income ratio? I do not maintain a balance on my credit cards but worry that I have credit limits that are too...

Why Your Credit Score May Be Low

February 26, 2014

Dear Experian, I only have one debt which is less than $1,000. I also have two credit cards. Together they have a balance of about $2,000 each month, but I...

What “Too Few Accounts Paid as Agreed” Means

October 30, 2013

Dear Experian, How can "too few accounts currently paid as agreed" be a reason for an adverse effect on my credit score when I currently have no unpaid accounts? - MIJ

How Utilization Rate Affects Credit Scores

October 30, 2013

Dear Experian, I have been led to believe that a component of one's overall credit score is the ratio of current credit card balances to one's total available credit. If...

Deleting an Account Did Not Raise Credit Score

September 10, 2013

Dear Experian, I recently had an account deleted from my credit report. Why didn’t my credit score go up? - ENS

Proportion of Balances to Credit Limits too High

August 29, 2013

Dear Experian, Recently, I was told that my proportion of balances to credit limits is high. If I keep making payments to my credit card and keep my statement balance...

The Meaning of “Too Few Accounts Paid as Agreed”

August 16, 2013

Dear Experian, My credit score came back with a statement saying, "too few accounts paid as agreed." I was wondering what that means since I have never paid an account...

Closing a Credit Card Can Hurt Your Credit Score

June 5, 2013

Dear Experian, Why does closing a credit card you are no longer using negatively affect your credit? - VNO

Not Enough Activity to Generate Credit Score

May 8, 2013

Dear Experian, Recently we were told my husband’s credit report with Experian was not reporting and that his credit score is not available. We received a message that says “Factor...