BUYER RESOURCES Understanding Credit

What is my credit report made of? The table below shows what factors are used to calculate your credit score, and the actions that affect them.

Payment History
Make sure that you have made your payments in full and on time.
Debt Utilization
How active each of your accounts are will affect this portion of your credit score.
Length of Credit History
How long your accounts have been open. If you are going to close an account DO NOT close the oldest.
New Credit
New applications for credit might cause you to be risky and will lower your score.