Payment History - 35% Paying off debts on time has the greatest positive impact on your credit score. Late payments, judgments, collections etc all have a negative impact.
Outstanding Credit Card Balances - 30% This factor marks the ratio between the amount owed and the remaining available credit. Your goal should be to keep your credit card balance below 30% of the credit limit at all times.
Credit History - 15% This portion of the credit score indicates the length of time since a particular credit line was established.
Types of Credit - 10% A good mix of credit includes 3-5 open, active accounts with a mixture of installment and revolving credit.
Inquiries - 10% This percentage quantifies the number of inquiries made to your credit within a 12 month period. Each new inquiry can reduce points from your score. Personal inquiries do not impact your score.