The Anatomy of a Credit Score

Your credit score, often referred to as a FICO score, ranges from 350-850 using information from the 3 major credit reporting agencies: Equifax, Experian, and TransUnion. According to FICO, a credit score is made up of 5 components: 35% reflects credit history, 30% reflects amounts owed, 15% reflects length of credit history, 10% reflects new credit, and 10% reflects types of credit. Median score is 732. You are entitled to a free credit report annually and you can go to AnnualCreditReport.com for this.