Credit score is affected by the amount owed or number of deliquent accounts?

Public Comments

1. Both.
2. both. They use your debt off of your income ratio as well as how many open accounts you have and how many delinquent account you have. AS far as debt to income, they also use your credit cards, and look to see you available balance. Even if you pay every month, but all your cards are close to maxed out, this is just as bad as not paying.
3. Both here is what your credit score is comprised of: 35% Payment History 30% Amounts Owed 15% Length of Credit History 10% New Credit 10% Types of Credit So as you can see, payment history is one of the most important factors, and if you have deliquent accounts your payment history is poor. The next most important is the amounts owed, so if you owe a lot of money and it is mostly deliquent then that is two big hits. This is also why if you file bankruptcy sometimes your score goes up, because if you owe a lot and that debt is wiped out your score may go up (this does not happen frequently).
4. It is effected by not only both of those but other factors. The FICO Score is the most widly used one today. The link below is from Fair Issac which is the people who do the FICO score. This can give you a lot of information on how the scores are calculated as well as what is not in them. Also as to your income. The previous answer is incorrect your income has no effect on your credit score. It is used in other aspects of loan to determine if you qualify for a loan, but not in the credit score itself. What he was probably thinking of is your credit utilization. This is the amount of credit used compared to your total credit available.