Understanding Credit Scores: How are they Calculated?
Credit scores are calculated using an advanced algorithm. The exact calculations have not been provided by Fair Isaac, the company behind the FICO Score, but they have provided a breakdown of the key areas and thatâs what weâll look at in this guide. Your credit score is weighted as follows: 35% – Payment History 30% […]
Understanding Credit Scores: How are they Calculated? is a post from Pocket Your Dollars.