What your FICO Credit Report Score Consists Of

35% - Payment History

The payment history category is the most important of the five categories in most cases as it shows an overall picture of how well a person handled loans, credit cards and other types of accounts in the past, namely all of the payments made on time versus those payments that were delinquent.
If a person has been delinquent in their account payments or have declared bankruptcy, had lawsuits filed against them, liens or other items similar to these, the items will show up under this section.
Time does play an important factor, however, in regards to your credit score. If there is a history of past due amounts, the amount of time should play an important role in how a FICO score will be affected in addition to the number of occurrences.
On the other hand, the positive payments on your past accounts and the number of accounts that were paid on time will be reflected positively on a person’s credit score.

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