Credit Score Estimator & Logic Calculator
Your Estimated Credit Score
This estimate is based on FICO weighting logic (300-850 range).
Understanding the Five Pillars of Credit Calculation
A credit score is a numerical representation of your creditworthiness. While lenders use different models, most (including FICO) use a weighted calculation based on five distinct categories of data found in your credit report.
1. Payment History (35%)
This is the most critical factor. Scoring models look at whether you pay your bills on time. Even a single 30-day late payment can cause a significant drop. High scores are generally maintained by those with 100% on-time payment records over several years.
2. Amounts Owed / Credit Utilization (30%)
This calculates how much of your available credit you are using. If you have a credit limit of 10,000 and you owe 3,000, your utilization is 30%. Lower utilization (typically under 10%) signifies to lenders that you are not overextended and can manage debt responsibly.
3. Length of Credit History (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 history provides more data for the scoring model to predict future behavior reliably.
4. New Credit & Inquiries (10%)
Opening several credit accounts in a short period represents greater risk—especially for people who do not have a long credit history. "Hard inquiries" occur when you apply for credit and can ding your score slightly for a short duration.
5. Credit Mix (10%)
Lenders like to see that you can handle different types of credit, such as revolving accounts (credit cards) and installment loans (mortgages, auto loans, or student loans).