FICO Credit Score

How is my credit score calculated?

According to TransUnion, here's an example of how most scores are calculated. Your payment history generally makes up 40% of your score, while credit utilization is 20%. The length of your credit history contributes 21%, and total amount of recently reported balances 11%. Finally, new credit accounts are responsible for 5% while your available credit makes up 3%. All of these values are then broken down into a credit score, which typically ranges between 300 and 850—the higher the number the better. 

Annual Credit Report Request

The FTC's final ruling under the Fair and Accurate Credit Transactions Act ruled all Americans are now entitled to receive free credit reports every year with no strings attached. The three major credit reporting agencies are Equifax, TransUnion and Experian they are required to provide consumers, upon request, a free copy of their credit report.
However, the reports will not automatically be sent you by theses reporting agencies. You will need to request reporting information in one of the following options provided to consumers: You can go online to, call 877-322-8228, or you may complete the form on the back of the Annual Credit Report Request brochure, and mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA, 30348-5281