Money Monday: How do credit bureaus determine credit score?

We've been discussing the importance of building a credit history, but it's just as important to understand how credit bureaus determine your credit score.

We’ve been talking about the importance of establishing a credit history, but equally as important is understanding how credit bureaus determine your credit score.

About 35% of your credit score is calculated based on whether you’ve paid your bills on time, but there’s much more that goes into it.

Watch the video above to learn more.

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About the Author:

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.