Rank the following factors in order from those that have the most effect on your credit score to those that have the least effect on your credit score.

I. Amount of money owed

Il. Payment history

IlI. Credit history length

Il. Payment history

I. Amount of money owed

IlI. Credit history length

Explanation:

Lenders will always want their borrowers to pay back the amount borrowed on time. Paying your debts as late as 30 or 60 days will negatively affect your credit score and things will only get worse as days pass. Payment history is the most important factor lenders look at more than anything else and it constitute about 35% of your credit score

The next factor that follows closely after payment history is the amount owed and falls at 30%. Factors like the overall debt you carry in other accounts like mortgages are put into account a lot of credit scoring software wants to see borrowers who have a history of borrowing from wherever and manage these loans responsibly.

The last one is the borrower's credit history length. Your credit score will take into a borrowers account and try to figure out how long they have been using credit accounts.