What on earth is in my FICO Score anyway?

I understand what my quantity is, however I nevertheless do not know what it method or how it's derived. Well, input my pal Ben Popken and Consumerist again. He ran a story on Monday with this pie chart:

He located it on a internet site called MyFICO.Com. Check it out.

This is from MyFICO.Com:

Payment History

Account charge records on particular kinds of debts (credit playing cards, retail money owed, installment loans, finance organisation debts, mortgage, and so on.)

Presence of adverse public information (bankruptcy, decisions, fits, liens, salary attachments, and many others.), series items, and/or delinquency (late items)

Severity of delinquency (how long past due)

Amount overdue on delinquent money owed or collection objects

Time considering (recency of) past due gadgets (delinquency), destructive public records (if any), or series gadgets (if any)

Number of late gadgets on record

Number of money owed paid as agreed

Amounts Owed

Amount owing on accounts

Amount owing on particular sorts of debts

Lack of a selected form of stability, in a few cases

Number of accounts with balances

Proportion of credit traces used (proportion of balances to general credit limits on certain kinds of revolving debts)

Proportion of installment mortgage amounts nevertheless owing (share of stability to authentic mortgage quantity on certain kinds of installment loans)

Length of Credit History

Time when you consider that accounts opened

Time when you consider that accounts opened, by specific type of account

Time given that account activity

New Credit

Number of these days opened bills, and percentage of money owed that are currently opened, via form of account

Number of latest credit score inquiries

Time for the reason that recent account establishing(s), by way of kind of account

Time given that credit inquiry(s)

Re-established order of wonderful credit score records following past charge problems

Types of Credit Used

Number of (presence, occurrence, and recent records on) numerous styles of debts (credit score playing cards, retail bills, installment loans, loan, client finance money owed, and so on.)