What Determines Your Credit Score?

What Determines Your Credit Score? 

If you're thinking about buying a new car, you've probably discovered that your credit score is important to understand; however, what exactly is a credit score, and how is yours determined?

What is a credit score?

A credit score is used by lending agencies to predict the risk of a specific loan. This means lenders use your credit score to determine how likely you are to become delinquent on your repayment. Thus, your credit score can greatly influence whether or not you're approved for a loan, and the specific terms of a loan.

How is a credit score calculated?

There are many factors that influence your credit score. Most important among these factors is your payment history on exiting or past lines of credit. Other things that influence your credit score are the amount you currently owe, the length of your credit history, the types of credit you've used, and new credit. While figuring your own credit score is complicated, the best way to maintain a good score is to have open lines of credit that you stay on top of in terms of payment.

Come in to Mountaineer Lincoln to learn more about what affects your credit today. Our expert financial team is eager to help you on your journey to getting behind the wheel of your dream car!


Mountaineer Lincoln

615 North Eisenhower Dr.
Directions Beckley, WV 25801

  • Sales: (304) 256-7400
  • Service: (304) 256-7400
  • Parts: (304) 256-7400


  • Monday 8:30am - 7:00pm
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  • Wednesday 8:30am - 7:00pm
  • Thursday 8:30am - 7:00pm
  • Friday 8:30am - 7:00pm
  • Saturday 9:00am - 6:00pm
  • Sunday Closed