Credit Score Calculator

Estimate your credit score based on your financial profile

How often do you pay bills on time?

Always on time Never missed a payment
Mostly on time Missed 1-2 payments
! Sometimes late Missed several payments
Often late Frequently miss payments

What % of your credit limit do you typically use?

0% 50% 100%

How long have you had credit accounts?

Select all that apply

Hard inquiries in the past 2 years

Collections, bankruptcies, or foreclosures

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Answer questions to see your score
300-579Poor
580-669Fair
670-739Good
740-799Very Good
800-850Excellent

Understanding Your Credit Score: A Complete Guide

Overview

The Credit Score Calculator helps you estimate your credit score based on key financial factors. Credit scores range from 300 to 850 and are used by lenders to determine your creditworthiness. Understanding where you stand can help you make better financial decisions and improve your credit health over time.

What Affects Your Credit Score?

  • Payment History (35%): Your track record of paying bills on time is the most important factor. Late payments, collections, and bankruptcies can significantly hurt your score.
  • Credit Utilization (30%): This is the percentage of your available credit that you're using. Keeping utilization below 30% is recommended for a healthy score.
  • Credit History Length (15%): The longer your credit history, the better. This includes the age of your oldest account and the average age of all accounts.
  • Credit Mix (10%): Having different types of credit (credit cards, mortgages, auto loans) shows you can manage various credit types responsibly.
  • New Credit Inquiries (10%): Opening many new accounts in a short period can lower your score temporarily.

Credit Score Ranges

  • Excellent (800-850): You qualify for the best rates and terms on loans and credit cards.
  • Very Good (740-799): You'll likely qualify for competitive rates and favorable terms.
  • Good (670-739): You're considered an acceptable borrower by most lenders.
  • Fair (580-669): You may face higher interest rates and more limited options.
  • Poor (300-579): You may have difficulty getting approved for credit and will face the highest rates.

How to Use This Calculator

  1. Answer Each Question: Provide honest answers about your payment habits, credit usage, and history.
  2. Review Your Score: The calculator estimates your score based on the FICO scoring model.
  3. Check the Breakdown: See which factors are helping or hurting your score.
  4. Follow the Tips: Get personalized recommendations to improve your credit.

Tips to Improve Your Credit Score

  • Pay On Time: Set up automatic payments or reminders to never miss a due date.
  • Keep Balances Low: Try to use less than 30% of your available credit on each card.
  • Don't Close Old Accounts: Older accounts help your credit history length.
  • Limit New Applications: Only apply for credit when necessary.
  • Check Your Credit Report: Review your reports regularly for errors and dispute any inaccuracies.
  • Be Patient: Building good credit takes time, but consistent good habits pay off.

Important Disclaimer

This calculator provides an estimate based on general credit scoring principles. Your actual credit score may vary depending on the scoring model used (FICO, VantageScore, etc.) and the specific data in your credit report. For your official credit score, check with the three major credit bureaus: Equifax, Experian, and TransUnion.