What Factors Make Up My Credit Score?

FICO® and VantageScore® use proprietary algorithms to produce your credit scores. While there are multiple FICO® score models for each of the 3 bureaus (28 among the three), both FICO® and VantageScore® base your scores on the data currently listed on your credit report on any given day. Fair Isaac Corp. (FICO®) was created in 1956 by William Fair and Earl Isaac. According to FICO®, the following 5 primary factors make up your credit score in all models.

• Payment History - Stop letting your on-time rent payments go unnoticed! Our Rental Reporting service unlocks the hidden potential of your responsible renting habits, transforming them into a powerful credit-building tool.
• Credit Usage - Demonstrate responsible spending and watch your credit soar with on-time payments reported to credit bureaus. Build a rock-solid foundation for future loan applications, from mortgages to car loans.
• Historic Length / Age of Credit - Ditch the security deposit and enjoy the convenience of a traditional credit card for everyday purchases, emergencies, and building a strong credit history. Choose from a variety of cards packed with cashback, travel points, airline miles, and other exciting benefits that make spending smarter and more rewarding.
• Credit Types / Mix - Don’t let your dream car remain a dream. Contact Speedy Credit Repair today and let us help you get behind the wheel and on the road to a better credit score. We’re your one-stop shop for all things auto finance, helping you turn your dream car into a reality while boosting your credit score in the process.
• New Credit And Inquiries - Build credit with every payment: Responsible loan repayments get reported to credit bureaus, boosting your credit score over time. This opens doors to better rates on future loans, lower insurance premiums, and even your dream home.

Credit Repair Blog

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  How Many Different Credit Scores Are There?

  There are currently 28 versions of the FICO score. There are 10 for Experian, and 9 each for Equifax and Transunion.

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  What Will My Credit Score Be After You Fix My Credit?

  Many will ask me to forecast or predict the outcome of their service, or the credit score they might expect. I never make predictions as to outcomes or scores because that would infer that I know the proprietary algorithm of “FICO”.

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  How Long Does Credit Repair Take?

  Credit repair results are not the same for all persons. There is not a way to set a standard time or result outcome for any clients’ service outcome.

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