Repair Credit Score

The US Credit Scoring system is based on many factors affecting a person's Credit Score. The current average U.S. Credit Score is 723. Credit scoring is based on all the information in your Credit Report and is a quick credit rating to sum up your overall credit health. The Credit Score is calculated by looking at:

• your payment history,
• amounts currently payable,
• how long you have had a credit history,
• the type of credit accounts you have,
• how many open accounts you have,
• how many inquiries there are on your account, and
• how new your accounts are.

What is a Credit Score based on? How is my Credit Score calculated?

Your Credit Score or FICO Score is calculated based on the following factors.

35%	Payment history
30%	Amount you owe
15%	Length of your credit history
10%	Types of credit used
10%	New credit