Consumer Education 5 Factors of Credit Score

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Last updated 1:14 PM on 4/23/26
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5 Terms

1
New cards

Payment History 35%

Record of how you make payments consistently.

2
New cards

Amounts Owed 30%

Percent of available credit that you use at any given time (how much of credit limit used)

3
New cards

Length Of Credit History 15%

How long your credit accounts have been open for.

4
New cards

New Credit 10%

Hard inquiries are made on your credit report after applying to a new credit; too many could indicate financial instability and lower credit score. Soft inquiries do not affect credit score.

5
New cards

Credit Mix 10%

Mix of different types of credit accounts (credit cards, installment loans, and mortgages)