Monday, May 14, 2007

How Your Credit Score is Calculated

35% -- of your score depends on your payment history
30% -- of your score is based on how much you owe
15% -- of your score depends on the average age of your accounts
10% -- of your score depends on new credit
10% -- of your score is based on your experience with revolving credit, such as credit cards

Source: Kiplinger's Personal Finance Magazine

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