Credit Score Calculator

Home Calc Credit Cards Report Extended Learning

Credit Score

Credit scores are a three digit number that shows your creditworthiness which is used by lenders to determine whether or not you’re worth the risk of getting lent money. The number ranges from 300 to 850.

The number closer to 850 shows lenders that you are responsible with your money and are more likely to pay it back while being closer to 300 shows lenders that you are a risk.

Higher scores make it easier to qualify for loans, credit cards and better interest rates.

Lower scores can result in higher interest rates and less approval/qualifications for loans.

What affects credit scores (good and bad)

• Your bill-paying history
• The amount of debt you currently owe
• The length of your credit history
• The types of credit you have (e.g., credit cards, installment loans)
• How often you apply for new credit
• Your credit utilization (how much of your available credit you are using)

Feel free to use and test this credit score calculator! Original creator here.