Understanding credit score algorithms can be complex, as they involve various factors that impact an individual's creditworthiness. Credit scoring models, such as FICO and VantageScore, use different algorithms to calculate credit scores based on information from credit reports.

These algorithms consider factors such as payment history, credit utilization, length of credit history, types of credit used, and recent credit inquiries. For example, a person who consistently makes on-time payments and maintains a low credit utilization ratio is likely to have a higher credit score.

References:

• FICO - What's in your credit score
• Experian - What is VantageScore