what information is in my credit report 
credit reports typically divide information into four sections these are 2credit reports and credit scorescredit scores are three digit numbers typically ranging from 300 to 850 that serve as a sort of shorthand for your creditworthiness the information in your credit reports is used to compute your credit scores but the scores themselves are not part of your report and must be obtained separately credit scores are computed using formulas developed by fico or a competitor such as vantagescore they assign different weightings to the information in your credit report to reflect its importance and predictive value a typical fico score breaks down like this 3payment history 35 this reflects whether you pay your credit bills on time amounts owed 30 this looks at factors such as your credit utilization ratio which compares how much debt you have outstanding to the total amount of credit you have available to you generally speaking the lower that percentage the better length of credit history 15 older accounts count for more than newer ones credit mix 10 the credit scoring models favor individuals who ve had a variety of credit types such as a credit card and a car loan or mortgage and used them all responsibly new credit 10 if you ve taken on a lot of new credit lately lenders can see that as a red flag while that s a typical breakdown some scoring models put greater emphasis on certain factors for example there are scoring models specifically for mortgage lenders car loan lenders and credit card issuers as a result many consumers won t have just one credit score but several of them 