Payment History

Start/Continue Paying Your Bills On Time! This makes up about 35% of the typical credit score. Your payment history shows how responsible you are with the credit extended to you.

When you have negative blemishes on your credit report, the score focuses on three factors:

1. How Recent has your credit trouble been? There is a difference when you experienced late payments several years ago versus just last month.

2. How Frequent are your credit blemishes? The credit scoring model looks more favorably on someone who has 1 or 2 blemishes versus 10 or 12.

3. How Severe are the issues on your credit report? The credit scoring model ranks the various issues on your credit report. A 30-day past due blemish isn’t as severe as a bankruptcy, tax lien or or 120-days past due blemish.

credit score factors


Category: Credit

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