Your Credit Score: What Matters, What Doesn’t

Almost 60 percent of people don't know what determines a credit score, according to Visa. Here, the factors people think matter — but don't — and five that really do.

from Reader's Digest | February 2012
Your Credit Score: What Matters, What Doesn’t© iStockphoto/Thinkstock

Almost 60 percent of people don’t know what determines a credit score, according to Visa. Below, the top five factors people think matter — but don’t — and five that really do.

WHAT DOESN’T MATTER WHAT DOES MATTER
Employment history Paying on time
Interest rates on debt Amounts you owe
Assets/savings How long you’ve had credit
Age New accounts and credit checks
Where you live The number and type of accounts
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