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How is my credit score calculated? What does my credit score mean?

Grow Credit Team avatar
Written by Grow Credit Team
Updated over 2 weeks ago

Although all the credit bureaus calculate their scores slightly differently, there are a few factors that affect your Vantage credit score:

  • Payment history (approximately 41%)

  • Age/ credit mix (approximately 20%)

  • Credit utilization (approximately 20%)

  • New credit (approximately 11%)

  • Balances (approximately 6%)

  • Available credit (approximately 2%)

For more information about the factors that can affect your credit score, see this article about Vantage 4.0 from Chase.

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