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How Do They Calculate Credit Score?


tropicalk Rep Points: 50
Posted on May 28, 2008 at 7:38 pm
I don't use credit cards and I don't own a house. I have always rented. But I found out the other day my credit score was pretty good. If you pay off hospital bills, does that compute into the rating of your credit score?

Carlo Rep Points: 1,455
moderator
Posted on May 28, 2008 at 8:25 pm
Only if it was a loan.  For the most part, regular bills are not reported to credit bureaus.

beautyqueen26 Rep Points: 6,185
Posted on March 25, 2009 at 3:22 pm
Once I had an electric bill reported to my credit card, cause I did not pay the last month before moving out of state. I didn't know about the bill. I don't think regular bills are reported though.But they don't mind reporting you for non-payment.  
Posted on April 8, 2010 at 12:41 am
How do they calculate the credit score? - hello there, I do not know exactly how they add or subtract to your credit score - but to give you an idea as to how your FICO credit score looks like, here's the breakdown::::: -35% Payment History/ - 30% Amount Owed/ -15% Length of Credit History -10% New Credit/ -10% Types of Credit Used/
Posted on April 8, 2010 at 3:42 am
 I am not sure about their scoring method as well but, if for example, you've undergone debt settlement and have successfully graduated - the Payment History and Amount Owed segments of the FICO score, which were suffering even before you enrolled, are only going to improve.

jingles Rep Points:
Posted on April 14, 2010 at 4:11 am
I think they use the different mortgage calculators depending on the mortgage plans. I can't say that different companies are having their different plans.
Posted on April 14, 2010 at 4:51 am
Here's an article about how the calculate the credit score - http://moneycentral.msn.com/content/Banking/Yourcreditrating/P136689.asp

Good To Me Rep Points:
Posted on April 14, 2010 at 5:14 am
Related to that how to calculate the credit score article -is the myth about credit scores -http://articles.moneycentral.msn.com/Banking/YourCreditRating/4creditScoringMyths.aspx

peter (Guest) Rep Points:
Posted on June 1, 2010 at 12:59 pm
Scoring method i think that person tell you he work in Bank or any kind of Accounting job

peter (Guest) Rep Points:
Posted on June 1, 2010 at 1:05 pm
I didn't use credit card but some time i charge on Fuel or some kind of shopping but i don't have much score.  
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