What factors contribute the most to my credit score?

The main factors that contribute to your credit score include:

• Payment history - Whether you pay your bills on time. This typically has the biggest impact, accounting for 35% of your score.
• Credit utilization - The amount of available credit you're using compared to your limits. Using over 30% of your total limits can hurt your score.
• Credit history length - How long you've had credit. Longer histories tend to help scores.
• New credit - Opening several new accounts in a short period can negatively impact your score.
• Credit mix - Having different types of credit (credit cards, loans, mortgages, etc.) can help demonstrate responsible usage.

Payment history and credit utilization tend to be the most influential factors. Things like hard inquiries when applying for credit or number of accounts have a smaller effect.

Monitoring your score over time in our app can help you see how these different elements are impacting your credit standing. Let me know if you need any clarification!