A credit score is a number that summarizes your financial behavior and determines how trustworthy you are as a borrower. In Mexico, this score is primarily calculated by Buró de Crédito and Círculo de Crédito, and it's one of the most important factors financial institutions consider when evaluating a credit application.
What is a credit score?
A credit score (also known as "score crediticio" in Mexico) is a numerical value ranging from 400 to 850 points in the case of Buró de Crédito. This number reflects the probability that a borrower will meet their payment obligations over the next 12 months.
How is the score calculated?
Credit score calculation considers multiple variables, each with different weight:
### Payment history (35%)
The most important factor. It evaluates whether you've paid your credits on time. Each late payment reduces your score, with greater impact for more recent and prolonged delays.
### Debt level (30%)
Measures how much of your available credit you're using. Utilization above 50% of your credit line can negatively affect your score. Ideally, keep it below 30%.
### History length (15%)
A longer credit history generates more confidence. Old accounts in good standing demonstrate experience in credit management.
### Credit mix (10%)
Having a diverse mix of credits (cards, personal loans, mortgage, auto) can benefit your score, as long as they're managed responsibly.
### Recent inquiries (10%)
Each time you apply for credit, a bureau inquiry is generated. Multiple inquiries in a short time can temporarily reduce your score.
How to improve your credit score
Credit scores for businesses
For companies, evaluation is more complex. Beyond traditional credit reports, financial institutions analyze SAT fiscal data, including issued and received CFDIs, to assess the actual financial health of the business.
At CRiskCo, we've developed FinScore, a proprietary credit score that goes beyond the traditional bureau. FinScore analyzes real-time SAT fiscal data to generate a comprehensive evaluation that includes payment capacity, client concentration, revenue seasonality, and growth trends. To understand the metrics behind this evaluation, see our credit metrics dictionary.
Why does your score matter?
Your credit score directly affects: interest rates offered to you, available credit amounts, financing terms, approval or rejection of applications, and even the possibility of renting a home or contracting certain services.
Want to know the true credit risk of your clients beyond the bureau? [Discover CRiskCo's FinScore](/solutions/credit-risk). You may also find our guides on the 5 C's of Credit and financial ratios useful.*