How is my credit score calculated?

Every one’s credit score is based on the same system. Mathematical models are used to determine how much credit you should be allotted, according to the default figure.
The models consider the types of debt you have and the amount you still owe. From there, the model researches and compares your repayment history with thousands of other consumers to arrive at your current credit score

Your previous payment behavior is one of the most important factors when it comes to determining your credit score. How much you owe, your credit history overall, as well as how many inquiries your credit report has on it. The type of credit you use, and how much credit is available to you are also factored into your credit score model.

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