A number of components go into the calculation of your credit score. The algorithm is quite complex and one that most people do not understand and do not need to. However, we have a number of factors listed, and if you happen to be ambitious about achieving a perfect credit score of 850, you can try and adjust or manage your spending in those factors which will maximize your potential for scores. Of course, this is something that is easier said than done, as most people have realized.
Payment History – 35 % . . .
The payments you make (or dont) to people on a timely basis forms your payment history. The payments on the loans taken out by you are checked for payment history. If you want to make your payment history score better, there is no way other than begin clearing your debts, on time, [...]