Experience has shown them that borrowers with higher credit scores are less likely to default on a loan.

Fico Score Mortgage Loan The pie chart above right shows a breakdown of the approximate value that each aspect of your credit report adds to a credit score calculation. It's a way to more accurately gauge how great of a risk you represent to a lender. How your credit report and credit score relate, plus how to interpret your score. Some may concentrate more on the savings history of the borrower.