7. Credit (FICO) scores The most well-known credit scoring system is the FICO score (developed by Fair Isaac Corporation). The various credit bureaus may have different methods for calculating your FICO score, and the information in your credit file may vary from bureau to bureau, which means that your credit scores at the three major credit bureaus may differ. Regardless of the exact method used by each bureau, five factors are used to determine your FICO score: (1) payment history, (2) amounts owed, (3) length of credit history, (4) whether you are taking on more debt, and (5) the types of credit used. Indicate the relative weight (in percentages) for each of the factors that determine your overall FICO score. What factors affect your credit (FICO) score? Taking on more debt? Types of credit used D % Length of credit history % Payment history % Amounts owed A D m According to this ple chart, which of the following is the most important factor in determining your overall credit score? The amounts owed on your various credit accounts Your payment history The types of credit you are using Whether you are taking on additional debt The length of your credit history