According to Experian, a well-known credit reporting agency, your credit score is determined through a combination of the following factors:
Your payment history: any missed payment on rent, mortgages, insurance bills, car loans, and more could negatively impact your credit score.
Your credit usage: how much of your available credit (that is, the credit limit on your credit cards) you are using.
How long you’ve used credit.
The variety of credit accounts you have: this may include credit cards, student loans, car loans, mortgages, and more.
Any new credit accounts you’ve recently opened.