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Alinara [238K]
3 years ago
7

I NEED HELP PLEASE. How does FICO determine your credit score? What are the percentages?

History
1 answer:
Marrrta [24]3 years ago
4 0

Answer:

<em>A FICO score is the number used to determine someone's creditworthiness, your credit score. Financial institutions and lenders use this as a guide to determine how much credit they can offer a borrower and at what interest rate. FICO scores can range from 300 to 850, the higher the number the better.</em>

<em>payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).</em>

Explanation:

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