What is the most significant component of your credit score?

What is the most significant component of your credit score? What percentage does it add to your total credit score?

Public Comments

1. delinquency is the first thing that pops on most reports. It impacts is the greatest with all 3 reports. The impact is 20%-30% of the score
2. Whether or not you pay your bills on time comprises about 40% of your credit score. The length of time you have had credit (more than 3 years is good) is another big item. The range of credit types you have (secured debt such as a car or house is better than unsecured debt like a credit card). The overall amount of credit you use, particularly with credit cards, is about 20% of the score. You want to keep the amount owed on credit cards to less than 30% of your your available credit line. There are a few things that will instantly tank your credit score by 100 points or more. These are: Bankruptcy. Foreclosure. Repossession of a vehicle. Public record of a court judgment for failure to pay a debt. Sometimes eviction if your landlord reports the eviction on a credit report.
3. Your actual repayment history, if you have ccjs, a series of defaults etc then this is the biggest factor.
4. You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - buildcredit.ifastnet.com