Scoring systems have varying numeric scales. Scores are dynamic and change when new information is added to the credit file. Also, lenders use different types of scores with varying numeric scales. In addition, other factors, like application information, impact lenders' credit decisions. Remember, what's considered an acceptable score varies from lender to lender depending on the loan or credit card applied for.
Scores reflect credit payment patterns over time with more emphasis on recent information.
Delinquent payments and collections can have a major negative impact on a score. Keep balances low on unsecured revolving debt like credit cards. High outstanding debt can affect a score. Apply for and open new credit accounts only as needed. The amount of your unused credit is an important factor in calculating your score.