CREDIT SCORE VS CREDIT REPORT What your credit score is based on: What your credit report includes: 30% payment history (How reliable you are – late payments hurt you) ▪ Basic identification information 30% amounts owed (How much you owe and how much credit you have available, aka your credit utilisation rate) ▪ A list of all your credit accounts 15% length of history (How long you’ve had credit) ▪ Your credit history, or whom you’ve paid, how consistently, and any late payments 10% new credit (Older accounts are better, because they show you’re reliable) ▪ Amount of loans 10% types of credit
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