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FICO Score calculations   J   03/16/2018 08:58 PM  

So I am new to this thread and just started understanding FICO score and so far this is what I understood about my score. Is this how the total of 850 score calculated?



35% Payments - 297.5 Points

30% Debt - 255 Points

15% History - 127.5 Points

10% credit mix - 85 Points

10% inquiries - 85 Points

__________________________

Total - 850 Points



I believe this is how FICO score is calculated overall. Now let's look at my credit score, my score right now is 745. It took me 1 and half years to get here from 533.



96% on-time payments of 35% - 285.6

0% debt (CC paid in full, student loan $2000 left/$32000) - 255 Points

No inquiries - 85 Points

Credit Mix (Yet to try AZEO) - 60 (3 credit cards, 1 student loan, 1 monthly rental payments)

Credit history (oldest account 4.2 years, newest 1 month, average 3.4) - 60 Points

________________________________________________________________________________________

Total - 745.6



So this is how I think my score has been calculated. The way I look at it, the only way to boost my FICO is by trying AZEO and giving a boost to credit mix by 8-12 points, which will take my score to 753-755.



So basically unless my credit report age, there is nothing I can do but sit and watch. It can take years.



Is my calculation correct or I am missing something?

anyone who has done some research on this topic?

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Re: FICO Score calculations   AB   03/16/2018 09:52 PM  

If you create an account in creditkarma they explain reasonably well about weight and slabs in each category

There are others factors too in addition to what you mentioned
- number of accounts
- what % of credit you have used etc !

Good luck !



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Re: Re: FICO Score calculations   caught   03/16/2018 10:32 PM  

guy who posted it is ad-min

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Re: Re: Re: FICO Score calculations   caught   03/16/2018 10:33 PM  

i know it because a post this long is not allowed on this web, only ad-min can do that

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Re: Re: Re: Re: FICO Score calculations   J   03/16/2018 11:27 PM  

lol I am not ad-min, I am just aam ad-mi

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Re: Re: Re: Re: Re: FICO Score calculations   Scared   03/17/2018 08:49 AM  

Bhagoooo ...Ad-mi ayaaaaaaaaaaaa ....

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Re: Re: Re: Re: Re: Re: FICO Score calculations   challeneg   03/17/2018 09:34 AM  

is there anybody who can write ad-min wiithout - in it. i bet you cant

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Re: Re: Re: Re: Re: Re: Re: FICO Score calculations   someone   03/17/2018 12:29 PM  



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Re: Re: Re: Re: Re: Re: Re: FICO Score calculations   Someone again   03/17/2018 12:30 PM  



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Re: Re: Re: Re: Re: Re: Re: Re: FICO Score calculations   challeng   03/17/2018 12:30 PM  

write it without putting that fancy a, it doesn't count if you change a letter.

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Re: Re: Re: Re: Re: Re: Re: Re: Re: FICO Score calculations   Ct Desi   03/19/2018 11:24 AM  

Agree with AB, creditkarma is a good tool.

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