Understanding FICO® Scoring

[cellist]

Does the FICO score take into account income, total assets, net worth, length of employment, debt-to-income ratio, etc? Perhaps these items are not included in your credit history with the credit bureaus, in which case they would probably not be included in the FICO (duh)

Are the details of the calculations used in FICO available to the public? How about the details of the calculations used in the myFICO simulator? Are there other simulators available to the public?

TIA,

Phil

[Brammy]

The FICO scoring model takes none of the above ino consideration.  You can find a breakdown of the score on the website. The details of the calculations are not made avail to the public in an attempt to prevent people from trying to beat the system and skew their scoresfavorably.  I disagree with this practice as it would prvide some much needed insight into exaclty what to do to improve your score instead of the vague info given when you pull you credit score.