Estimate your credit score based on key factors. This tool provides an approximation and is not a guaranteed score.
Enter a percentage (e.g., 98 for 98%)
Enter a percentage (e.g., 30 for 30%)
Excellent (e.g., credit cards, installment loans, mortgage)
Good (e.g., credit cards and installment loans)
Fair (e.g., mostly credit cards)
Poor (e.g., only one type of credit)
Your Estimated Credit Score
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This is an estimation based on common credit scoring factors.
Actual scores may vary. Consult a credit bureau for your official score.
Understanding Your Credit Score and How This Calculator Works
Your credit score is a three-digit number that lenders use to assess your creditworthiness. It helps them determine the likelihood that you'll repay borrowed money. A higher score generally means you're considered a lower risk, potentially leading to easier loan approvals and better interest rates.
The most widely used credit scoring models, like FICO and VantageScore, consider several key factors. This calculator provides an estimation by weighting these factors, though the exact algorithms used by credit bureaus are proprietary and complex.
The Factors Used in This Estimator:
Payment History (Weight: ~35%): This is the most significant factor. It reflects whether you pay your bills on time. Late payments, bankruptcies, and collections can significantly lower your score.
Credit Utilization Ratio (Weight: ~30%): This measures how much of your available credit you're using. Keeping this ratio low (ideally below 30%, and even better below 10%) is crucial. For example, if you have a credit card with a $10,000 limit and you owe $3,000 on it, your utilization is 30%.
Length of Credit History (Weight: ~15%): A longer credit history generally helps your score. This includes the age of your oldest account, the age of your newest account, and the average age of all your accounts.
Credit Mix (Weight: ~10%): Having a diverse mix of credit (e.g., credit cards, installment loans like mortgages or auto loans) can be beneficial. It shows you can manage different types of debt responsibly.
New Credit Applications (Weight: ~10%): Opening several new credit accounts in a short period can signal higher risk and may slightly lower your score. This is often referred to as "hard inquiries."
How This Calculator Estimates Your Score:
This calculator assigns points based on the input values you provide, approximating the weighting of each factor used by major credit scoring models. It uses a simplified algorithm:
Payment History: Higher percentages of on-time payments contribute positively.
Credit Utilization: Lower percentages are heavily favored.
Credit History Length: Longer history generally yields more points.
Credit Mix: More diverse mixes receive higher scores.
New Credit Applications: Fewer recent applications are better.
The points are summed and mapped to a general credit score range (e.g., 300-850). Please remember this is an educational tool.
Example Calculation:
Let's say you enter the following:
Payment History: 99%
Credit Utilization: 15%
Credit History Length: 10 years
Credit Mix: Good
New Credit Applications: 1
Based on these inputs, the calculator would estimate a score in the Good to Excellent range (likely 740-799+), reflecting strong positive behaviors across most categories.
Disclaimer: This calculator is for educational purposes only. It does not provide official credit scores. Your actual credit score is determined by credit bureaus based on a comprehensive review of your credit report and proprietary scoring models.
function calculateCreditScore() {
var paymentHistory = parseFloat(document.getElementById("paymentHistory").value);
var creditUtilization = parseFloat(document.getElementById("creditUtilization").value);
var creditHistoryLength = parseFloat(document.getElementById("creditHistoryLength").value);
var creditMix = document.getElementById("creditMix").value;
var newCreditApplications = parseFloat(document.getElementById("newCreditApplications").value);
var totalScore = 0;
var maxScore = 850; // Theoretical maximum for a scoring model
// — Scoring Logic (Simplified Approximation) —
// 1. Payment History (Weight: ~35%)
var paymentScore = 0;
if (paymentHistory >= 99) paymentScore = 130;
else if (paymentHistory >= 95) paymentScore = 110;
else if (paymentHistory >= 90) paymentScore = 90;
else if (paymentHistory >= 80) paymentScore = 70;
else paymentScore = 30;
totalScore += paymentScore;
// 2. Credit Utilization (Weight: ~30%)
var utilizationScore = 0;
if (creditUtilization <= 10) utilizationScore = 100;
else if (creditUtilization <= 20) utilizationScore = 90;
else if (creditUtilization <= 30) utilizationScore = 80;
else if (creditUtilization <= 50) utilizationScore = 60;
else if (creditUtilization = 15) historyScore = 50;
else if (creditHistoryLength >= 10) historyScore = 45;
else if (creditHistoryLength >= 7) historyScore = 35;
else if (creditHistoryLength >= 4) historyScore = 25;
else if (creditHistoryLength >= 2) historyScore = 15;
else historyScore = 5;
totalScore += historyScore;
// 4. Credit Mix (Weight: ~10%)
var mixScore = 0;
if (creditMix === "excellent") mixScore = 25;
else if (creditMix === "good") mixScore = 20;
else if (creditMix === "fair") mixScore = 10;
else mixScore = 5;
totalScore += mixScore;
// 5. New Credit Applications (Weight: ~10%)
var newCreditScore = 0;
if (newCreditApplications === 0) newCreditScore = 25;
else if (newCreditApplications === 1) newCreditScore = 20;
else if (newCreditApplications === 2) newCreditScore = 15;
else if (newCreditApplications 850) estimatedScore = 850;
if (estimatedScore < 300) estimatedScore = 300;
var roundedScore = Math.round(estimatedScore);
// Display the result
document.getElementById("creditScoreResult").innerText = roundedScore;
document.getElementById("resultSection").style.display = "block";
}