Enter information about your credit profile to get an estimated FICO score. Note: This is an estimation and not your actual FICO score.
Estimated FICO Score
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Understanding Your FICO Score Estimation
The FICO Score is a widely used credit scoring model developed by the Fair Isaac Corporation. It is a three-digit number that lenders use to assess your creditworthiness, or how likely you are to repay borrowed money. A higher FICO Score generally indicates lower risk to lenders, potentially leading to better interest rates and loan terms.
While the exact FICO scoring algorithm is proprietary and complex, it is generally understood to be influenced by five key categories, each with a different weight:
The Five Key FICO Score Factors:
Payment History (approx. 35%): This is the most critical factor. It reflects whether you pay your bills on time. Late payments, bankruptcies, and collections significantly hurt your score. We estimate this based on your reported percentage of on-time payments.
Amounts Owed (approx. 30%): This refers to how much debt you carry, particularly the ratio of your outstanding balances to your total available credit (credit utilization). Keeping credit utilization low (ideally below 30%, and even lower for the best scores) is crucial.
Length of Credit History (approx. 15%): This looks at the age of your oldest account, the age of your newest account, and the average age of all your accounts. A longer credit history generally benefits your score.
Credit Mix (approx. 10%): This factor considers the variety of credit accounts you have, such as credit cards, retail accounts, installment loans (like car loans or mortgages), and finance company accounts. Having experience managing different types of credit responsibly can be beneficial.
New Credit (approx. 10%): This involves the number of recently opened accounts and the number of recent hard inquiries (when you apply for new credit). Opening too many accounts in a short period can signal higher risk.
How This Estimator Works:
This calculator uses a simplified model to estimate your FICO score based on the primary factors. Each input is assigned a general point value within a weighted system that mimics the FICO model. The calculations are designed to provide a reasonable approximation. However, remember that the actual FICO algorithm is much more nuanced and considers many specific details not captured by these input fields.
Use Cases:
Credit Health Check: Get a general idea of where you stand credit-wise.
Improvement Tracking: See how changes in your credit habits (like improving payment history or reducing utilization) might impact your score.
Financial Planning: Understand the importance of good credit management when planning for major purchases like a home or car.
For your official FICO Score, please consult your credit report from one of the three major credit bureaus (Equifax, Experian, or TransUnion) or a service that provides your specific FICO Score.
function calculateFicoScore() {
var paymentHistory = parseFloat(document.getElementById("paymentHistory").value);
var creditUtilization = parseFloat(document.getElementById("creditUtilization").value);
var creditAge = parseFloat(document.getElementById("creditAge").value);
var creditInquiries = parseInt(document.getElementById("creditInquiries").value);
var creditMix = parseInt(document.getElementById("creditMix").value);
var ficoScore = 300; // Starting base score
var description = "";
// — Simplified Scoring Logic —
// This is a highly simplified model for illustrative purposes.
// Actual FICO scoring is far more complex and proprietary.
// 1. Payment History (35% Weight) – Max ~315 points
if (isNaN(paymentHistory) || paymentHistory 100) {
alert("Please enter a valid percentage for Payment History (0-100).");
return;
}
if (paymentHistory >= 99.5) {
ficoScore += 300; // Near perfect
} else if (paymentHistory >= 98) {
ficoScore += 250;
} else if (paymentHistory >= 95) {
ficoScore += 180;
} else if (paymentHistory >= 90) {
ficoScore += 100;
} else {
ficoScore += 50; // Minimal on-time payments
}
// 2. Amounts Owed / Credit Utilization (30% Weight) – Max ~270 points
if (isNaN(creditUtilization) || creditUtilization 100) {
alert("Please enter a valid percentage for Credit Utilization (0-100).");
return;
}
if (creditUtilization <= 10) {
ficoScore += 260; // Excellent utilization
} else if (creditUtilization <= 30) {
ficoScore += 200; // Good utilization
} else if (creditUtilization <= 50) {
ficoScore += 120;
} else if (creditUtilization <= 75) {
ficoScore += 60;
} else {
ficoScore += 20; // High utilization
}
// 3. Length of Credit History (15% Weight) – Max ~135 points
if (isNaN(creditAge) || creditAge = 20) {
ficoScore += 130; // Very long history
} else if (creditAge >= 15) {
ficoScore += 100;
} else if (creditAge >= 10) {
ficoScore += 70;
} else if (creditAge >= 5) {
ficoScore += 40;
} else {
ficoScore += 15; // Short history
}
// 4. Credit Mix (10% Weight) – Max ~90 points
if (isNaN(creditMix) || creditMix = 5) {
ficoScore += 85; // Excellent mix
} else if (creditMix >= 3) {
ficoScore += 60;
} else if (creditMix >= 2) {
ficoScore += 30;
} else {
ficoScore += 10; // Limited mix
}
// 5. New Credit (10% Weight) – Max ~90 points
if (isNaN(creditInquiries) || creditInquiries < 0) {
alert("Please enter a valid number for Recent Hard Inquiries.");
return;
}
if (creditInquiries === 0) {
ficoScore += 85; // No recent inquiries
} else if (creditInquiries === 1) {
ficoScore += 60;
} else if (creditInquiries === 2) {
ficoScore += 30;
} else {
ficoScore += 10; // Multiple recent inquiries
}
// Cap the score at 850 and ensure it's not below 300
ficoScore = Math.min(ficoScore, 850);
ficoScore = Math.max(ficoScore, 300);
var resultElement = document.getElementById("ficoScoreResult");
var descriptionElement = document.getElementById("scoreDescription");
resultElement.innerText = Math.round(ficoScore);
// Clear previous classes
resultElement.className = '';
descriptionElement.innerText = '';
// Add class for styling and description
if (ficoScore < 580) {
resultElement.classList.add("low");
descriptionElement.innerText = "Very Poor";
} else if (ficoScore < 670) {
resultElement.classList.add("fair");
descriptionElement.innerText = "Fair";
} else if (ficoScore < 740) {
resultElement.classList.add("good");
descriptionElement.innerText = "Good";
} else if (ficoScore < 800) {
resultElement.classList.add("very-good");
descriptionElement.innerText = "Very Good";
} else {
resultElement.classList.add("excellent");
descriptionElement.innerText = "Exceptional";
}
}