do credit cards, car loans, homes loans, have diffrent point value when reported to your Credit credit beuro?

2 Responses to “do credit cards, car loans, homes loans, have diffrent point value when reported to your Credit credit beuro?”

1. 

   SPIFIMAN1 30. Jul, 2010 at 11:49 am #

   Yes.

   Currently FICO breaks your score down as follows;

   1. Payment history 35%
   2. Time in bureau 15%
   3. Types of credit 10%
   4. New credit 10%
   5. Payment history 30%

   People need 3 credit card accounts (revolving) with balances below 30% of their limits and 2 cars, boats, homes, furniture or personal accounts (installment) all with good long pay history’s for the best score and profile.

   Under the new FICO 2008 edition they are going to give a higher percentage to types of credit used but have not released that information as yet.
2. 

   ATTARI49 30. Jul, 2010 at 12:01 pm #

   yes

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