Credit Scoring

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.