Your credit score depends on multiple different factors such as;
- Payment history (35%)
- Have you kept up with your payments over time?
- Credit utilization (30%)
- Do you carry a high or low balance on your credit limit?
- Length of credit history
- How long have you been using your credit?
- Credit mix
- Do you have a diverse credit file? (Mortgage, car loan, credit cards)
- New Credit inquiries
- Are you applying for new loans that involve hard credit checks?
To find out more information about your credit file, contact TransUnion at 1-800-663-9980.