What Factors Affect Your Credit Score?

Quick Summary Credit scores are calculated using information found in a credit report. Payment history is usually the most influential factor in most scoring models. Balances, account age, new credit activity, and credit mix also play roles. Changes in these areas can...

Why Did My Credit Score Drop Suddenly?

There is a rightful concern when there is a sudden drop in your credit score. In most cases, the change is connected to new information appearing on a credit report. Credit scores update whenever lenders report changes to balances, payments, or account status. If you...
How Credit Scores Are Calculated

How Credit Scores Are Calculated

A credit score is simply a number that helps lenders understand how someone has handled credit in the past. The number is based on patterns found in a person’s credit report. Here is a simple breakdown of what goes into calculating a credit score. Credit reports are...