You plan on buying a home.  You will need to borrow.  In the process of borrowing, your credit score will have a bearing on whether you get the loan you need.

FICO scores are based on information that is reported by creditors to Trans
Union, Equifax, and Experian. They are not affected by age, race, sex, or
income.

What are the primary factors that determine FICO credit scores?
· 35% is based on your payment history for all accounts
· 30% is based on the amount you owe on revolving accounts
· 15% is based on how long you have been using credit
· 10% is based on your applications for new credit
· 10% based on types of credit used

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