What are score factors?
The score factors listed below are the factors that impact your score positively or negatively. Knowing these factors can help you better understand your financial health over time.
- Payment history: Repayment behavior, such as whether you pay on time or have missed payments.
- Credit card use: How many of your accounts have balances, how much you owe, and the percentage of your credit limit you’re using.
- Derogatory marks: Items on your account that are past due or at credit risk.
- Credit age: How long you’ve been using credit.
- Total accounts: Your total number of open and closed accounts.
- Hard inquiries: A hard inquiry, also known as a “hard pull,” occurs when you apply for a line of credit or a loan.
Start enhancing your credit today.
With CBNA Credit CompanionSM, you can view your VantageScore® and Experian® credit report—for free! It includes access to tools like debt analysis, score simulators and credit education, which can help you build positive credit habits that support a healthy credit score.
To enroll, log in to your online or mobile banking account, look for CBNA Credit CompanionSM, and follow the instructions to sign up.
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Don’t have an online banking account yet? Enroll today.
The credit score provided is based on the VantageScore 3.0 model using data from Experian®. There are various types of credit scores, and lenders may use a different type of credit score to assess your creditworthiness.
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