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Credit Score Calculator

Estimate your credit score

Credit Score

740

Rating

Good

Payment History

95%

Utilization

25%

Check your credit report: divide on-time payments by total payments. 95%+ is excellent.

Total balances / total credit limits x 100. Under 30% is good, under 10% is excellent.

Average age of all your credit accounts. 7+ years is excellent.

Credit cards, loans, mortgage, etc.

Hard pulls from loan/card applications. 0-2 is ideal.

GoodScore: 740

Good credit. You qualify for competitive rates.

Score

740

Rating

Good

Best Factor

Payment History

Worst Factor

Credit Mix

Frequently Asked Questions

Q

How is credit score calculated?

Credit scores are calculated using five main factors: Payment History (35%), Credit Utilization (30%), Credit Age (15%), Credit Mix (10%), and Recent Inquiries (10%). This calculator provides an estimate based on these factors.

Q

What is a good credit score?

Credit scores range from 300-850. Excellent: 750+, Good: 700-749, Fair: 650-699, Poor: below 650. A score of 700+ generally qualifies for competitive interest rates.

Q

How can I improve my credit score?

To improve your credit score: 1) Pay all bills on time, 2) Keep credit utilization below 30%, 3) Don't close old accounts, 4) Limit credit inquiries, 5) Maintain a mix of credit types, 6) Dispute any errors on your credit report.

Q

How long does it take to improve credit score?

Improving credit score takes time. Payment history improvements show in 1-2 months, but building credit age takes years. Significant improvements typically take 6-12 months of consistent good credit behavior.

Example Calculations

1Excellent Credit Profile

Inputs

On-Time Payment History98%
Credit Utilization15%
Average Credit Age8 years
Number of Credit Types3
Recent Inquiries1

Result

Estimated Credit Score755
RatingExcellent
Payment History ImpactExcellent (+50)
Utilization ImpactExcellent (+20)
Credit Age ImpactExcellent (+20)
Credit Mix ImpactExcellent (+10)
Inquiries ImpactExcellent (+5)

Starting from the base score of 650: Payment history 98% (>=95%): +50. Credit utilization 15% (<=30%): +20. Credit age 8 years (>=7): +20. Credit mix 3 types (>=3): +10. Inquiries 1 (<=2): +5. Final score = 650 + 50 + 20 + 20 + 10 + 5 = 755 (Excellent).

2Fair Credit Profile

Inputs

On-Time Payment History85%
Credit Utilization45%
Average Credit Age3 years
Number of Credit Types2
Recent Inquiries3

Result

Estimated Credit Score670
RatingFair
Payment History ImpactGood (+10)
Utilization ImpactGood (+5)
Credit Age ImpactNeeds Improvement (+0)
Credit Mix ImpactGood (+5)
Inquiries ImpactGood (+0)

Starting from the base score of 650: Payment history 85% (>=80%): +10. Credit utilization 45% (<=50%): +5. Credit age 3 years (between 2 and 5): +0. Credit mix 2 types (>=2): +5. Inquiries 3 (between 3 and 4): +0. Final score = 650 + 10 + 5 + 0 + 5 + 0 = 670 (Fair).

Formulas Used

Credit Score Estimation

Score = Base (650) + Payment History Adjustment + Utilization Adjustment + Credit Age Adjustment + Credit Mix Adjustment + Inquiries Adjustment

The estimated score starts at a base of 650 and is adjusted up or down based on five credit factor inputs. The result is clamped between 300 and 850.

Where:

Payment History= On-time payment percentage. 95%+: +50, 90-94%: +30, 80-89%: +10, <70%: -30
Utilization= Credit used vs available. <=10%: +40, <=30%: +20, <=50%: +5, >70%: -30
Credit Age= Average age of accounts. 7+ yrs: +20, 5-6 yrs: +10, <2 yrs: -15
Credit Mix= Number of credit types. 3+: +10, 2: +5
Inquiries= Recent hard inquiries. 0: +10, 1-2: +5, >4: -15

Understanding Credit Scores

Credit scores are calculated using five key factors that reflect your creditworthiness.

Payment history and credit utilization are the two most important factors.

Maintaining good credit habits over time is key to a high score.

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Last Updated: Feb 12, 2026

This calculator is provided for informational and educational purposes only. Results are estimates and should not be considered professional financial, medical, legal, or other advice. Always consult a qualified professional before making important decisions. UseCalcPro is not responsible for any actions taken based on calculator results.

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