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A variety of factors can impact on your credit score and this is the best resource on credit card debt consolidation elimination free Generally speaking, lenders love stability more than anything else and this is the best resource on credit card debt consolidation elimination free Paying amounts owed on time is but one of many variables and this is the best resource on credit card debt consolidation elimination free It could be that you?ve lived in more than one address over the preceding three years; or having borrowings with a variety of institutions and this is the best resource on credit card debt consolidation elimination free It could even be down to the fact that you?ve got too much credit already at your disposal and this is the best resource on credit card debt consolidation elimination free But just what goes into your credit score? A report by the analytics experts Fair Issac recently broke credit scoring down into five categories and assessed their importance on the final rating and this is the best resource on credit card debt consolidation elimination free Most important was how you had paid you bills in the past with the most emphasis on recent activity and this is the best resource on credit card debt consolidation elimination free Naturally, paying all your bills on time is good; paying them consistently late is bad and this is the best resource on credit card debt consolidation elimination free Having accounts that were sent to collection agencies is even worse, though nowhere near as bad as declaring bankruptcy and this is the best resource on credit card debt consolidation elimination free Paying your bills in a timely and consistent manner contributed to 35 percent of the score and this is the best resource on credit card debt consolidation elimination free Next most important was the amount of money you owe and the amount of available credit at your disposal and this is the best resource on credit card debt consolidation elimination free The assessment of outstanding debt fell into several categories, and included credit cards, car loans, mortgages, home equity lines, and so on and this is the best resource on credit card debt consolidation elimination free Also given consideration was the total amount of credit available and this is the best resource on credit card debt consolidation elimination free If a customer has 10 credit cards that each have $10,000 credit limits, that totals $100,000 of available credit and this is the best resource on credit card debt consolidation elimination free Generally speaking, people who have a lot of credit available tend to use it and this is the best resource on credit card debt consolidation elimination free This makes them a less attractive credit risk and this is the best resource on credit card debt consolidation elimination free This amounts to 30 per cent of the total credit score and this is the best resource on credit card debt consolidation elimination free Also impacting on credit scores is the length of credit history (15 percent) and this is the best resource on credit card debt consolidation elimination free The longer a customer has had credit ? particularly if it's with the same financial institution ? the more points they get and this is the best resource on credit card debt consolidation elimination free