How Is A Credit Score Determined – How a FICO Credit Score is Determined (2015) | Continuing Feducation
How Is A Credit Score Determined – Tips For How To Hire
Please see our updated video, published in 2020: https://youtu.be/GrDxH0hMUmg
A FICO score is the most common credit score used to determine your eligibility for a loan and what interest rate you’ll pay. Here are the 5 factors used to calculate your credit score: 1) payment history, 2) amounts owed relative to limits, 3) length of credit history, 4) frequency of new credit, and 5) types of credit. Learn about each factor in this video.