The following factors used by the major 3 credit bureaus definitely affect the credit scores:
- Payment history
- Amounts owed - credit utilization (Total credit card debt / Total Credit Limit)
- Length of credit history - the new model now looks at the oldest account
- New credit - how many new applications were requested within the last 24 months?
- Account mix - varieties of account types such as credit cards, home loan, auto loan, and etc.