Payment History

• The payment history is the most important factor in calculating a credit score, encompassing 35 percent of the score's calculation. Specific information includes the number of adverse public records, such as bankruptcies or judgments, and the length of the longest past due account.
  
  

Amounts Owed

• Amounts owed encompasses 30 percent of the credit score's calculation. Specific information includes the proportion of credit lines utilized and the proportion of amounts on loan accounts and credit cards.
  
  

Credit History Length

• The length of the credit history encompasses 15 percent of the score's calculation. A loan must be at least six months old to be included in the credit score's calculation.
  
  

New Credit

• The number of new credit accounts encompasses 10 percent of the score's calculation. Information such as number of credit inquiries and recently opened accounts is used in the score.
  
  

Types of Credit

• Types of credit encompasses 10 percent of the score's calculation. Specific information used for calculation includes number of credit accounts, installment loans and consumer finance loans.