Credit Report & Scores » Score Advice

Score Advice

A credit score is a three-digit number based on data pulled from your credit report, and it is one of several factors that lenders use to determine whether they should give you a loan or credit card. Your score can also affect what terms and interest rates you qualify to receive.

Latest Articles

What Is a Fair Credit Score?

A fair credit score is generally considered to be a FICO Score of 580...

Does More Credit Lead To Higher Credit Scores?

If you’re aiming to be a superstar with a credit score north of 700,...

What Is a Bad Credit Score?

Are you one of the 37% of American with credit scores of 669 or...

How Do I Get My Credit Score Above 700?

Aiming for a score of 700 or higher is a good goal because 700...

What Is the Highest Credit Score?

While the answer depends on what credit scoring model is being applied, the highest...

7 Things Lenders Look At Besides Your Credit Score

Your credit scores might not be enough for a lender to gauge whether you...

How Do You Check Your Credit Score?

A credit score is calculated by running information on your credit report to determine...

Why Are There Different Credit Scores, and Is One More Accurate Than Another?

Credit scores help lenders predict the likelihood that a person will repay a debt...

6 Tips to Protect Your Credit Score While Living Abroad

Whether it's a great job opportunity or a desire to retire abroad, living the...

7 Ways to Stop an Ex From Ruining Your Credit Score

Breaking up is hard to do, especially those splits that lead to financial hardships...

How Do You Increase Your Credit Score?

Every credit history is unique and there is no “one size fits all” solution...

How Is a FICO Score Calculated?

Learn how like all other credit scores, FICO scores are calculated using the information...

What is Provided with Your Credit Score

In addition to learning your three-digit score, a credit score is typically provided with a description of what items from your credit report most affected the score, both positively and negatively.

Credit Report vs. Credit Score

Credit reports and credit scores are two separate items lenders use to learn more about your financial history and the likelihood you’ll pay your bills in the future. While related, credit scores are not part of a credit report. Credit scores are based on information from your credit report, but must be requested separately.

Many different factors affect your credit score and each will vary depending on what credit scoring system is used.

Credit Score Factors

Each credit scoring system uses mathematical algorithms to generate a rating to help lenders better assess your creditworthiness. Credit scoring systems can consider hundreds of factors from your credit history when calculating a score. Some of the most common include:

  • Credit history
  • Payment history
  • Public records
  • Utilization rate
  • New accounts
  • Number of inquiries