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Financial info concerning your monetary resources is assembled from your credit application and other places. Info includes how consistent you have been with paying your bills, the number and nature of accounts you have obtained, missing payment due dates, collection actions, debt outstanding, age of your accounts, and other data. With the Fair, Isaac statistical approach or framework, lenders match this data to the credit outcomes of consumers with profiles that are similar and award points for any item that helps predict who is most expected to pay back the amount that they owe. Thus we get the term "FICO Score" which stands for a credit score as a result of using the Fair, Isaac Company (FICO) model.

Credit info is counted according to its type and how old it is. The more recent the good or bad facts, the more relevant it is to the overall score. For instance, a less recent 90 day late can possibly be not as relevant as a 30 day late that occurred very recently. What type of data it is also has a weight: how payments were handled in the past (most important-35%), amounts owed (next weightiest-30%), how long has been using credit (third heaviest-15%), types of credit in use (least important-10%) and number of new credit inquiries (also least important-10%).

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