How are credit ratings calculated?
I’m aware of the ranges of scores, what percentage of your score is based on length of credit history, how you pay your bills, available credit, et cetera – so I do not need that sort of information. My question is: are you able to tell how many points a _month of positive credit_ is worth? For instance, if I continue to pay my car note on time for the next year, is there a way to tell how many points my score could increase over that time? Here’s another example: Say, for instance, a 60-day past-due payment on a credit card shows up on your credit report. How much of a ding is that on your credit – or how many ‘negative’ points is that worth? Is there a point system out there to get an idea — without enrolling in a monthly credit score monitoring company. Thanks!