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Yes; because the credit scoring is made up of so many different factors which any give tradeline can be contributing to more than one area.

Payment history (about 35% of total score): Your payment history on credit cards, retail accounts at stores, installment loans and mortgages is taken into account in calculating your score. Specifically, how late your payments were, how much was owed, how many late payments and how recently they occurred are all taken into account. If you have a number of accounts and most show no late payments, your score will be improved. How old the late payments were can be very important. According to Fair, Isaac, "A 30-day late payment made just a month ago will count more than a 90-day late payment from five years ago."

Amounts owed (about 30 % of total score): While owing a lot of money on many accounts might indicate that you are overextended, your FICO score will not necessarily be harmed by large outstanding amounts. What is more important is how many accounts have balances and how much of the total credit line is being used on credit cards and other "revolving credit" accounts. In an attempt to improve their credit scores, people sometimes make the mistake of closing down credit-card accounts where they have small balances and consolidating their debt under one credit card. This can actually worsen your score since the percentage of your lines of credit that is still owed would actually go up.

Length of credit history (about 15% of total score): If you are just trying to establish a credit record, you have few options to improve your score here, since how long your credit accounts have been established is what counts. Parents should take note that establishing a credit record for your children before they go out on their own could give them a leg up when they apply for credit later.

New credit (about 10% of total score): Even though this category makes up only about 10% of the total score, applying for too much new credit is probably one of the easiest ways for people to inadvertently harm their credit score. Here, the FICO model looks at how many new accounts you have established, how long it has been since you opened a new account and how many recent requests for your credit have been made by credit reporting agencies. Fair, Isaac says that if you request your credit report from one of the agencies this does not count since it is a "consumer-initiated inquiry." Until recently, your score would have gone down if you made a number of applications for credit cards or mortgages within a short period of time --even if all you were doing was shopping around for the lowest rate or best overall deal. Now, Fair, Isaac claims that they lump together inquiries made within a short period of time as one inquiry. So, if you're shopping around, make your inquiries all within a few days if you can.

Types of credit (about 10% of total score): This factor takes into account your mix of installment loans, mortgages, retail accounts, credit cards and finance company accounts. Fair, Isaac, however, is a little vague about how it weights your mix of account types. It does indicate that this factor may be given less weight if the company has full information about you for the other four factors.

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