What factors impact my credit score?

Your credit score is typically determined by six main factors: Payment History, Credit Card Use, Credit Age, Derogatory Marks, Hard Inquiries, and Total Accounts.

• Payment History: The percentage of payments that have been submitted on time

• Credit Card Use: The amount of credit you’re using compared to your total credit limit(s)

• Credit Age: The average age of your open accounts

• Derogatory Marks: Negative events that show up on your credit report (tax liens, bankruptcies, etc)

• Hard Inquiries: The amount of times you’ve applied for credit

• Total Accounts: The average age of your open accounts

 How do we obtain information related to these score factors?

We gather this information from your credit report data. We then separate these factors into high impact, medium impact, and low impact to help you understand how much these factors affect your score.

 How accurate is this information?

Since this data is collected directly from your credit report information, it accurately reflects your credit health and behaviors.