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Which makes up the largest portion of your FICO score?

A) Payment history
B) Credit mix
C) Length of credit history
D) New credit

User SystemRaen
by
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1 Answer

7 votes

Final answer:

The largest portion of your FICO score is your Payment history, comprising 35% of the total score. This reflects the importance of timely debt payments in the credit scoring process, ensuring lenders make fair credit decisions based on financial behavior, not demographics.

Step-by-step explanation:

The largest portion of your FICO score is A) Payment history. This category makes up 35% of your FICO score and is considered the most critical factor in credit scoring. Lenders want to ensure that you have a history of paying your debts on time. Credit scoring is a fair way to make a credit decision, and decisions are based on credit behavior, not personal characteristics like race, gender, or religion. It's also worth noting that while a bad credit score can result from past mistakes, it does not haunt you forever due to the ability to rebuild credit over time.

User Stomp
by
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