Estimate your credit score based on key financial factors. Note: This is an estimation and not your official credit score.
1 (e.g., only credit cards)
2 (e.g., credit cards and auto loan)
3+ (e.g., credit cards, auto loan, mortgage)
Your Estimated Credit Score:
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Typical Range: 300 – 850
Understanding Your Credit Score
Your credit score is a three-digit number that lenders use to assess your creditworthiness, essentially predicting how likely you are to repay borrowed money. A higher score generally means a lower risk for lenders, often resulting in better interest rates and loan terms. While official scores are generated by credit bureaus (like Experian, Equifax, and TransUnion) using complex algorithms, this calculator provides an estimation based on the most significant factors influencing your credit health.
How This Estimator Works
This calculator uses a simplified model that assigns points based on key components of your credit profile. The weights are illustrative and may not perfectly reflect the proprietary algorithms of FICO or VantageScore, but they represent general industry understanding.
Payment History (approx. 35% of score): This is the most critical factor. Consistently paying bills on time significantly boosts your score. Late payments, defaults, and bankruptcies have a severely negative impact. Our input measures months of on-time payments.
Credit Utilization Ratio (approx. 30% of score): This refers to the amount of credit you are using compared to your total available credit. Keeping this ratio low (ideally below 30%) shows you are not over-extended. A very low utilization (e.g., <10%) can also be beneficial.
Length of Credit History (approx. 15% of score): The longer you have managed credit responsibly, the better. An older credit history suggests more experience with credit.
Credit Mix (approx. 10% of score): Having a mix of different credit types (e.g., credit cards, installment loans like mortgages or auto loans) can demonstrate your ability to manage various forms of debt, though this factor is less impactful than others.
New Credit/Inquiries (approx. 10% of score): Opening many new accounts in a short period can negatively impact your score, as it may suggest financial distress or increased risk. Hard inquiries (when you apply for credit) have a small, short-term effect.
Interpreting Your Estimated Score
Excellent (781-850): You are a prime candidate for credit. Lenders will likely offer you the best terms and lowest interest rates.
Very Good (661-780): You have a strong credit history. You should qualify for most loans with favorable rates.
Good (561-660): Your credit history is decent, but there's room for improvement. You may qualify for credit, but possibly with higher interest rates.
Poor (300-560): You have a significant credit risk. Obtaining new credit may be difficult, and if approved, rates will likely be very high.
Disclaimer
This tool is for educational purposes only. It provides a simplified estimation and should not be considered a substitute for obtaining your official credit report and score from a credit bureau or a financial institution. Your actual credit score may vary.
function calculateCreditScore() {
var paymentHistory = parseFloat(document.getElementById("paymentHistory").value);
var creditUtilization = parseFloat(document.getElementById("creditUtilization").value);
var creditAge = parseFloat(document.getElementById("creditAge").value);
var inquiries = parseFloat(document.getElementById("inquiries").value);
var creditMix = parseInt(document.getElementById("creditMix").value);
var score = 0;
var maxScore = 850; // Theoretical max, our calculation will aim for a range
// — Scoring Logic (Simplified and illustrative) —
// Payment History (Max ~300 points towards a total score)
var paymentHistoryScore = 0;
if (paymentHistory > 950) paymentHistoryScore = 300;
else if (paymentHistory > 700) paymentHistoryScore = 250;
else if (paymentHistory > 500) paymentHistoryScore = 180;
else if (paymentHistory > 200) paymentHistoryScore = 100;
else if (paymentHistory > 60) paymentHistoryScore = 50;
else paymentHistoryScore = 0;
score += paymentHistoryScore;
// Credit Utilization (Max ~250 points)
var utilizationScore = 0;
if (creditUtilization <= 10) utilizationScore = 250;
else if (creditUtilization <= 30) utilizationScore = 200;
else if (creditUtilization <= 50) utilizationScore = 120;
else if (creditUtilization <= 70) utilizationScore = 60;
else if (creditUtilization = 15) creditAgeScore = 150;
else if (creditAge >= 10) creditAgeScore = 120;
else if (creditAge >= 5) creditAgeScore = 90;
else if (creditAge >= 2) creditAgeScore = 50;
else if (creditAge >= 1) creditAgeScore = 20;
else creditAgeScore = 0;
score += creditAgeScore;
// Credit Mix (Max ~100 points)
var creditMixScore = 0;
if (creditMix >= 3) creditMixScore = 100;
else if (creditMix === 2) creditMixScore = 70;
else creditMixScore = 30;
score += creditMixScore;
// New Credit/Inquiries (Max ~50 points – deducted for too many)
var inquiryScore = 0;
if (inquiries === 0) inquiryScore = 50;
else if (inquiries === 1) inquiryScore = 30;
else if (inquiries === 2) inquiryScore = 10;
else inquiryScore = 0; // More than 2 inquiries significantly impacts
score += inquiryScore;
// — Sanity Checks and Normalization —
// Ensure inputs are valid numbers
if (isNaN(paymentHistory) || paymentHistory < 0) paymentHistory = 0;
if (isNaN(creditUtilization) || creditUtilization 100) creditUtilization = 30; // Default to a reasonable value if invalid
if (isNaN(creditAge) || creditAge < 0) creditAge = 0;
if (isNaN(inquiries) || inquiries < 0) inquiries = 0;
if (isNaN(creditMix) || creditMix 3) creditMix = 1;
// Cap the score at a reasonable maximum (e.g., 850) and minimum (e.g., 300)
var finalScore = score;
if (finalScore > 850) finalScore = 850;
if (finalScore < 300) finalScore = 300; // A very low score is still possible
document.getElementById("creditScoreResult").textContent = Math.round(finalScore);
}