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The cerdit
score is supposed to distill all the information
from your cridet
report and using a formula to get a single
value, which is supposed to represent your credit
worthiness. Your credti score will be a 3-digit
number, ranging between the 300s and 900, with most people being in the 600, 700 range. The higher the score, the better.
Your
credit score is determined using several factors, which are:
1. Your Payment
History
2. Way credit has been used
3. Age of credit file
4. Number
of times a person asks for credit
5. Your mix of credit currently in use
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