6 Credit Mistakes Even Those With AMAZING Scores Can Make

5 credit score factors

The truth

There are five factors that play into your total credit score and if you believe that paying your bills on time alone will make or break your score, you are misinformed. There are 4 other factors: how much available credit you have – 30%, length of your credit history – 15%, credit mix – 10%, and new credit – 10%. These other factors account for 65% of your total score. All five factors are important.