Credit Score Estimator
This calculator estimates your credit score based on key factors that impact your creditworthiness. It uses the commonly accepted FICO scoring model factors and weights.
Credit Score Estimator
Estimate your credit score based on key factors that impact your creditworthiness.
Credit Score Estimator
Payment History (35%)
Credit Utilization (30%)
Length of Credit History (15%)
New Credit (10%)
Credit Mix (10%)
Your Estimated Credit Score
Your Score Breakdown
What You Can Do to Improve Your Score
- Regularly check your credit report for errors and dispute any inaccuracies.
How to Use This Calculator
This calculator helps you make informed financial decisions by providing accurate estimates based on the information you provide. Follow these steps:
Enter Your Details
Fill in all required fields with your financial information.
Adjust Parameters
Use sliders and toggles to customize scenarios and assumptions.
View Results
Get instant calculations that update as you change inputs.
Compare Options
Try different scenarios to find the best financial solution.
Understanding Credit Scores
Your credit score is a numerical representation of your creditworthiness. Lenders use this score to determine whether to approve you for loans and credit cards, and what interest rates to charge.
The Importance of a Good Credit Score
A good credit score can save you thousands of dollars over your lifetime through:
- Lower interest rates on loans and credit cards
- Better approval odds for apartments and rental properties
- Lower insurance premiums in many states
- Easier approval for utility services without deposits
- Better cell phone plan offers
How to Build and Maintain Good Credit
To build and maintain a good credit score:
- Pay all bills on time - this is the most important factor
- Keep credit card balances low, ideally below 30% of your credit limits
- Don't close old credit accounts, especially your oldest ones
- Apply for new credit only when necessary
- Monitor your credit report regularly and dispute errors
- Maintain a mix of different types of credit accounts