The three national credit reporting agencies use computerized calculations to determine your credit score based on how you manage these five factors
. Your credit report must contain at least one account that has been open for at least six months, and at least one account that has been updated within the last six months. Now that you know the variables used to calculate your score, you can take steps to build the best credit score possible. Doing so can help you secure credit when you need it and save you money in the long run.