Your FICO Score takes into account:
How long your credit accounts have been established, including the age of your oldest account, the age of your newest account and an average age of all your accounts
How long specific credit accounts have been established
How long it has been since you used certain accounts
The score will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. Research shows that opening several credit accounts in a short period of time represents a greater risk - especially for people who don't have a long credit history.
2. You have three FICO credit scores, one for each of the three credit bureaus: Equifax, TransUnion and Experian. Each FICO Score is based on information the credit bureau keeps on file about you. The FICO Score from each credit reporting agency considers only the data in your credit reports at that agency.
3. Check Your Credit Report – Credit score repair begins with your credit report. If you haven't already, request a free copy of your credit report and check it for errors. Your credit report contains the data used to calculate your score and it may contain errors. In particular, check to make sure that there are no late payments incorrectly listed for any of your accounts and that the amounts owed for each of your open accounts is correct. If you find errors on any of your reports, dispute them with the credit bureau and reporting agency. Setup Payment Reminders – Making