Your FICO Score

FICO is the most common credit score used. The scores range from 300-850, with 850 being excellent.

Your FICO score looks at five categories:

Payment History (35%): Whether or not you have paid past credit accounts on time.
Total Debt (30%): the total amount of debt that you have
Length of Credit History (15%): How long your credit has been active, how long since different accounts have been used, length of specific accounts, and the average age of all of your accounts.
Type of Credit Used (10%): This looks at your combination of credit cards, loans, mortgages, and retail accounts. Your student loans are part of your credit score.
New Credit (10%): What your new credit use is. Opening multiple accounts in a short amount of time looks risky.