What's a good credit score?
800-850: Exceptional. 740-799: Very good. 670-739: Good. 580-669: Fair. <580: Poor. Most lenders prefer 670+. 740+ gets best rates. Score >800 offers minimal additional benefit.
Calculator
Enter your values
% of available credit being used (lower is better, under 30%)
Analysis
Interpretation of the current calculator output
Enter values to see detailed analysis and insights.
How to Use
Step-by-step instructions
- 1Select payment history quality
- 2Enter credit utilization %
- 3Input average credit age in years
- 4Review estimated score and category
- 5740+ = excellent, 670+ = good, 580+ = fair
Credit Score Formula
FICO scores range 300-850. Payment history and utilization are most important. Lower utilization (<30%) and longer credit history improve scores.
Score = (Payment History × 35%) + (Utilization × 30%) + (Credit Age × 15%) + (Credit Mix × 10%) + (New Credit × 10%)Variables:
Payment HistoryOn-time payments (35% weight)Credit Utilization% of available credit used (30%)Credit AgeAverage age of accounts (15%)Example
Credit Estimation Example
Inputs:
Payment History:Excellent (no missed payments)
Credit Utilization:20%
Credit Age:5 years
Steps:
- 1.Payment history score = 850 (excellent)
- 2.Utilization score = 750 (20% is good)
- 3.Age score = 550 (5 years)
- 4.Weighted = (850×0.35) + (750×0.30) + (550×0.35) = 720
Result:
~720 credit score - Good credit!
Frequently Asked Questions
How do I improve my credit score fast?
Pay down credit cards (reduce utilization <30%, ideally <10%). Pay all bills on time. Don't close old accounts. Dispute errors. Become authorized user on old account. Increases take 30-90 days.
What hurts credit score most?
Missed payments (-100 pts), maxed cards (high utilization), collections/charge-offs, bankruptcy, foreclosure, too many hard inquiries (>6/year). Payment history = 35% of score, so never miss payments!