: Having a variety of account types, such as credit cards and installment loans (car loans or mortgages), can improve your score.
: Your record of making on-time payments. This is the most influential factor. credit scores explained
Most scoring models, like , use five key factors from your credit history: : Having a variety of account types, such
: Also known as credit utilization . It compares how much you owe to your total available credit limit. Lower percentages (ideally under 30%) are better. credit scores explained