What components make up your FICO score?

A FICO score is primarily composed of five key components: payment history (35%), which reflects your track record of on-time payments; amounts owed (30%), indicating your credit utilization ratio; length of credit history (15%), which considers how long your accounts have been active; new credit (10%), which looks at recent credit inquiries and new accounts; and types of credit used (10%), assessing the diversity of your credit accounts. Together, these factors provide a comprehensive view of your creditworthiness.