Credit scores are calculated on the basis of information recorded in an individual’s credit report. The credit score has some important categories to function. FICO Scores are calculated from a lot of different credit data in your credit report. The first category is your payment history which includes payment of debt in categories like credit cards, installment loans, mortgages and retail accounts. You can keep your payment history contribute towards an impressive credit score By paying the bills within the time limit. Next one is the amount owned which includes s the ratio of credit used to the amount of credit available in the account and the original amount borrowed can also affect your final credit score and then the additional factor affecting your credit score is the length of time since you had activity in other credit accounts. Then the new credit in which the time period between opening a new account and the duration of time between credit inquiries can impact your final credit score and the last category is the types of credit used that is the different types of finances you borrow can contribute a weight of 10% in calculating your final credit score.