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| How a Score
Breaks Down | List of FICO
Score Factors |
List
of FICO Score Factors
This is a
comprehensive list of the information considered by Fair,
Isaac scoring models in calculating a FICO score at one of
the major credit reporting agencies.
1)
Past payment history
- Account payment
information on specific types of accounts (credit
cards, retail accounts, installment loans, finance
company accounts, mortgage, etc.)
- Presence of adverse
public records (bankruptcy, judgements, suits, liens,
wage attachments, etc.), collection items, and/or
delinquency (past due items)
- Severity of
delinquency (how long past due)
- Amount past due on
delinquent accounts or collection items
- Time since (recency
of) past due items (delinquency), adverse public
records (if any), or collection items (if any)
- Number of past due
items on file
- Number of accounts
paid as agreed
2) Amount of credit
owing
- Amount owing on
accounts
- Amount owing on
specific types of accounts
- Lack of a specific
type of balance, in some cases
- Number of accounts
with balances
- Proportion of credit
lines used (proportion of balances to total credit
limits on certain types of revolving accounts)
- Proportion of
installment loan amounts still owing (proportion of
balance to original loan amount on certain types of
installment loans)
3) Length of time
credit established
- Time since accounts
opened
- Time since accounts
opened, by specific type of account
- Time since account
activity
4) Search for and
acquisition of new credit
- Number of recently
opened accounts, and proportion of accounts that are
recently opened, by type of account
- Number of recent
credit inquiries
- Time since recent
account opening(s), by type of account
- Time since credit
inquiry(s)
- Re-establishment of
positive credit history following past payment
problems
5) Types of credit
established
- Number of (presence,
prevalence, and recent information on) various types
of accounts (credit cards, retail accounts,
installment loans, mortgage, consumer finance
accounts, etc.)
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