Factors That Affect Your Credit Score

1. Payment History
   1. A record of late payments on your current and past credit accounts will typically lower your score. Being consistent and paying on time can, over time, have a positive impact on your score.
2. Public Records
   1. Bankruptcies, judgements, and collection items may lower your score.
3. Length of Credit History
   1. In general, a longer credit history is better and can sometimes have a positive impact on your score.
4. New Accounts
   1. Opening multiple new accounts in a short period of time may negatively impact your score.
5. Inquiries
   1. A large number of recent inquiries may negatively impact your score.
6. Accounts in Use
   1. The presence of too many open accounts can have a negative impact on your score, whether you’re using the accounts or not.

Source: equifax.com