What your FICO Credit Report Score Consists Of

30% - Amounts Owed

The amounts owed area covered basically consists of how much you owe, or have a balance on, what types of accounts the amounts owed are a part of as well as the capacity of unused credit a person currently has available to them. Each specific type of account is weighted according to what type of loan it is, per se a retail store account versus a $850,000 mortgage. Major difference. This is all take into consideration when calculating your credit score. The amount owed on credit card balances and other accounts or loans are totaled and expressed as a ratio of what you currently owe versus what you currently have available to you, such as available balances on your credit cards.

Your FICO credit score consists of five different categories of items that help determine what your credit score will be. These five categories consist of:

Please Select from following:

35% - Payment History
30% - Amounts Owed
15% - Length of Credit History
10% - New Credit
10% - Types of Credit