Credit score is more commonly known as the FICO Score. The FICO Score is the standard credit score in the US. Your FICO Score considers both positive and negative information in your credit report. Late payments will lower your FICO Score, but establishing or re-establishing a good track record of making payments on time will raise your score. Your FICO Score is broken down into 35% payment history, 30% amounts owed, 15% on length of credit history, 10% on new credit, and 10% on other types of credit.