The most widely used credit scoring model, ranging from 300–850.
Five factors build it: payment history (35%), amounts owed (30%), length of history (15%), new credit (10%), and credit mix (10%). Payment history and utilization are the two levers that move it fastest.
Example: Paying down a maxed-out card from 90% to 20% utilization can raise a score 20–50+ points within a statement cycle.
FAQ
What is FICO Score in simple terms?
Five factors build it: payment history (35%), amounts owed (30%), length of history (15%), new credit (10%), and credit mix (10%). Payment history and utilization are the two levers that move it fastest.