Exactly Exactly How are Fico Scores Determined? Both TransUnion and Equifax utilize an amount of factors whenever determining your credit rating.

Exactly Exactly How are Fico Scores Determined? Both TransUnion and Equifax utilize an amount of factors whenever determining your credit rating.

While both of these have actually somewhat various procedures, broadly speaking, the most crucial factors are:

  • Payment History: Missing and payments that are late your charge card, home loan, etc. will decrease your score.