Lenders use these scores to decide on loan approvals and to set interest rates. Anatomy of the credit score - ScienceDirect
: Total debt and your credit utilization ratio. credit sore
Credit scores are calculated using data from your credit reports provided by the three major bureaus: Equifax , Experian , and TransUnion. Core Calculation Factors (FICO Model) Lenders use these scores to decide on loan
: Your record of on-time or late payments. credit sore
: The variety of accounts, such as credit cards and installment loans.