💳 Credit Score Estimator

What is a Credit Score?

A credit score is a number between 300-850 that represents your creditworthiness. Lenders use it to determine if they should lend you money and at what interest rate.

Credit Score Ranges

• 300-579 (Poor): Very difficult to get approved for credit. High interest rates if approved.
• 580-669 (Fair): May qualify for credit but with higher interest rates.
• 670-739 (Good): Likely to qualify for credit with reasonable rates.
• 740-799 (Very Good): Excellent approval odds and competitive interest rates.
• 800-850 (Excellent): Best approval odds and lowest interest rates available.

How Credit Scores are Calculated

Credit scores are based on five main factors:

• Payment History (35%): Whether you pay bills on time. This is the most important factor.
• Credit Utilization (30%): How much of your available credit you're using. Keep it below 30%.
• Credit History Length (15%): How long you've had credit accounts. Longer is better.
• Credit Mix (10%): Having different types of credit (cards, loans, mortgage) shows responsible management.
• New Credit Inquiries (10%): How many times you've applied for credit recently. Fewer is better.

Tips to Improve Your Score

• Pay all bills on time, every time
• Keep credit card balances below 30% of limits (ideally below 10%)
• Don't close old credit accounts (they help your history length)
• Limit credit applications (each inquiry can lower your score slightly)
• Check your credit report regularly for errors
• Use a mix of credit types responsibly

Important Note

This tool provides an estimate only. Your actual credit score may vary. Always check your official credit report from the three major credit bureaus (Equifax, Experian, TransUnion) for your real score.

See how different actions would affect your credit score

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Track your credit score over time to see your progress

Compare your estimated score with national averages and benchmarks