Question

Rank the following factors in order from those that have the most effect on your credit score to those that have the least effect on your credit score.

I. Amount of money owed
II. Payment history
III. Credit history length
a.
I, II, III
b.
II, I, III
c.
II, III, I
d.
III, II, I

Answer 1

b. II, I, III

Payment history has the largest effect (~35%), then amounts owed/credit utilization (~30%), then credit history length (~15%).