Final answer:
Payment history and the length of your credit history are factors used to calculate your FICO score.
Step-by-step explanation:
True. Payment history and the length of your credit history are both factors used to calculate your Fair Isaac Company (FICO) score.
Your payment history refers to your track record of making on-time payments for your credit accounts. It includes any late payments, defaults, or bankruptcies which can negatively affect your credit score.
The length of your credit history refers to how long you have had credit accounts open. Generally, a longer credit history is considered more favorable as it provides a better understanding of your credit behavior over time.