Financial history is one of the largest determinants of the credit score calculation. The state of the finances, in the present and in the future can be one of the leading ways that the credit score is calculated. It is important to remember that there are some factors which have no bearing on the credit score.

Employment history may not affect the credit score, but it could affect the chances that the individual is approved for credit in some certain situations. Employment history is used to determine the responsibility of an individual and can be taken into account in lending practices like mortgage approvals. Employment history is also used to create a trend determining the potential of the individual to repay the money which has been lent to the consumer. If the individual has been present at their job for more than five years and is employed in a secure industry, than chances are that this person will be able to repay a long term loan, like a mortgage.

The factors that are not used to create an approval or rejection in the case of a lender, these factors are:Â age, race, sex, marital status, education and income. These factors are not included when it comes to approval for loans or to determine the credit score an individual. Other factors that are not used to calculate the credit score are the length of time that the individual has spent at their current address or the state of whether they rent or own their own home.