Your credit score makes up doing 15% of the credit score: the newest lengthened your list, the brand new much safer. Offered borrowing histories give more proof of your own accuracy. Form of borrowing and new borrowing remain ten% of your own rating for every. The former shows for those who have a combination of various other credits, elizabeth.g. car finance, mortgage, personal bank loan, and you can playing cards.
The profile show exactly how many membership you have got, account you have recently applied for you to definitely trigger borrowing from the bank questions, and when you established the most recent one to.
What is actually a good credit score?
It is important to just remember that , your credit rating is not necessarily the simply factor a possible bank often believe whenever deciding whether or not to lend currency.