Credit Score Estimator
Estimate your credit health based on the five primary FICO factors.
Never Late
30 Days Late (Once)
30 Days Late (Multiple)
60+ Days Late
Serious Delinquency/Collection
Mixed (Cards & Installment Loans)
Mostly Credit Cards
Only One Account Type
Estimated Credit Score Range
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How Your Credit Score is Calculated
Understanding your credit score is the first step toward financial freedom. Most scoring models, including FICO, use five distinct categories of data from your credit report to determine your creditworthiness.
- Payment History (35%): This is the most critical factor. It tracks whether you pay your bills on time. Even one 30-day late payment can significantly drop your score.
- Amounts Owed (30%): Specifically, your "credit utilization ratio." This is the percentage of your available credit that you are currently using. Keeping this under 30% is ideal.
- Length of Credit History (15%): A longer history generally increases your score. This considers the age of your oldest account and the average age of all accounts.
- Credit Mix (10%): Lenders like to see that you can handle different types of credit, such as revolving credit (credit cards) and installment loans (mortgages, auto loans).
- New Credit (10%): Opening many new accounts in a short period represents a higher risk to lenders. Each "hard inquiry" can temporarily lower your score.
Example Scenarios
To better understand how these numbers interact, consider these two profiles:
Profile A (Excellent): Has a 12-year history, 5% utilization, 0 late payments, and a mix of a mortgage and two credit cards. This individual likely sees a score above 800.
Profile B (Fair): Has a 2-year history, 65% utilization, 1 late payment from last year, and 4 recent inquiries. This individual likely sees a score in the 580-620 range.
Tips to Improve Your Score
If your estimated score isn't where you want it to be, focus on these three actions:
- Pay every bill on time: Set up autopay to ensure you never miss a due date.
- Reduce your balances: Pay down credit card debt to lower your utilization below 10% for the biggest boost.
- Don't close old accounts: Even if you don't use a card, keeping it open helps your length of history and your total available credit.