Unformatted text preview: But first, just what is a credit score? To calculate a score, Fair Isaac uses 22 pieces of data collected from the three major credit bureaus, Equifax , Experian and TransUnion ). The lowest possible score is 300, while the highest is 850. The final number is a composite of individual ratings in five categories: • Payment history (35% of the rating) • Length of credit history (15%) • New credit (10%) • Types of credit used (10%) • Debt (30%) http://www.myfico.com/LoanCenter/Mortgage/Calculators/OwnOrRent.aspx...
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- Spring '09
- credit score, Equifax, FICO® scores