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Improving credit score - does the amount of the debt play into the

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My credit score isn't the greatest, and I was wondering - I've never borrowed any significant amount of money, and my score has never risen that high. Does the amount of the historical debt have anything to do with the scoring algorithm for your credit score?

Eg, does the equation that experian, transunion, and equifax use take into account not only the number of historical transactions they have on me in their system, but also the value of said transaction, eg, the size of the debt or the monthly payment?