Score Calculation
While the exact details of how the score is calculated are unknown, VantageScore has released the categories and proportions used. What contributes to a positive score in each category, and to what degree particular data affect the score, is unknown. The score is meant to indicate the likelihood that a customer will pay the loan back on time and in a consistent manner; values which show behavior contrary to these are more likely to worsen the score, and vice versa.
| Category | Description | Weight |
|---|---|---|
| Payment history | how timely and consistent your payments are | 32% |
| Credit utilization | debt-to-credit ratios and how much credit is available | 23% |
| Credit balances | what your total debt is; most likely, delinquent debt is counted more harshly than current debt | 15% |
| Depth of credit | length of credit history | 13% |
| Recent credit | how recent and many new hard inquiries and new accounts there are | 10% |
| Available credit | how much credit can be accessed, for example, could you spend $50,000 of credit tonight or within the next week | 7% |
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