Your credit score gives a numerical picture of your credit.


  • Lenders look at this number to determine if they should give you credit and how much credit you should have.

  • The Fair Isaac and Company (FICO) uses five elements of credit to determine your score:

    1. payment history
    2. current debts
    3. length of credit history (in years)
    4. new accounts
    5. types of credit used