The third largest factor of your FICO credit score is Length of History, which accounts for 15% of the FICO algorithm. Length of History is calculated based on the length of time you have had an active trade with a creditor. This is why credit cards are so important...
If you’ve ever checked your credit scores from all three credit bureaus, you’ve probably noticed a variation in your scores. Experian may say your score is a 650 while TransUnion has you at a 635. So where does that score variation come from and how can...
Does checking your credit affect your credit score? Discover the difference between an inquiry and a soft pull with Heartland Founder, Andrew Yamilkoski. Credit Inquiries A credit inquiry occurs when you are applying for a line of credit. That can mean going into a...
Your FICO credit score consists of 5 factors that make up the whole. The largest factor is Payment History, which accounts for 35% of your score. This is the part of your credit score that takes into account late or missed payments. Learn more about what Payment...