Editor's choice: Experian Credit Report
- Free FICO Score
- Credit alerts and monitoring
- Report & score updated every 30 days
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Updated . What changed?
Your credit score isn’t just a tool that helps lenders determine how much risk they take on when they lend to you, it can also affect rental applications and even insurance rates.
In this guide, we show you where you can find your credit score and what goes into calculating it.
A credit score is a summary of your credit history expressed as a number ranging from 300 to 850. While several different credit bureaus offer credit scores, the most widely known type of credit score is developed by FICO (Fair Isaac Corporation).
The credit score model a risk-based system that calculates the possibility of you defaulting on your next loan — the lower your score, the higher the possibility you’ll default.
Identifying your credit score range can be quite difficult. This is because financial institutions determine ranges differently.
As a result, with one bank, your FICO score could place you in their “excellent” bracket, while the same score might place you in the “good” range with a different bank.
The table below shows credit score tiers reported by several financial services websites:
|Site||Credit Score Tier 1||Credit Score Tier 2||Credit Score Tier 3||Credit Score Tier 4||Credit Score Tier 5|
|CafeCredit||Bad – 300-639||Fair – 640-679||Good – 680-719||Best – 720-850||N/A|
|CreditKarma||Poor – 549 or lower||Fair – 550-639||Good – 640-719||Excellent – 720 or higher||N/A|
|Credit Sesame||Very Poor – 499 or lower||Poor – 500-549||Fair – 550-639||Good – 640-719||Excellent – 720-850|
|Experian||Poor – 579 or lower||Fair – 580-669||Good – 670-739||Very Good – 740-799||Exceptional – 800 or higher|
|NerdWallet||Poor – 350-629||Average – 630-689||Good – 690-719||Excellent – 720-850||N/A|
|WalletHub||Bad – 300-619||Fair – 620-659||Good – 660-719||Excellent – 720-850||N/A|
Source: https://www.creditkarma.com, https://www.nerdwallet.com, http://www.experian.com, https://www.creditsesame.com, https://wallethub.com, https://www.cafecredit.com.
There are various ways to get your credit score:
You have multiple credit scores, as each one is calculated differently depending on the credit reporting agency. Companies can request your score from any of these agencies, so may receive a different score depending on the one they call.
However, you’ll always have the same credit file. If there are no errors listed on your file, you shouldn’t expect too major of a discrepancy between your scores.
Do you own a business? Find out your business credit score
As the most common type of credit score, it’s important to know the FICO score is calculated. There are five components which make up your FICO credit score, with each of them weighted differently:
Those three digits can make a big impact on your life – good and bad – so they’re worth keeping an eye on. Monitor your credit score carefully and you may just help edge it closer to the 850 mark.
You probably already know that being late on payments or defaulting on a loan is guaranteed to lower your credit score. Here are some other ways you can hurt your credit:
Navigate car deals and a wavering market if you’re buying a ride during the coronavirus.
Find a line of credit — even if you don’t have a perfect score.
Find out your monthly payments with this FHA mortgage calculator.
Learn what your policy covers and how eviction affects your insurance.
Find out which Chase credit cards have no foreign transaction fee.
Have you been ‘friend-zoned’ by every credit card you long for? Read what the experts have to say about pivoting towards success after your credit card application has been rejected.
A CFPB study found that borrowers who already had debt when they took out a credit builder loan saw lower scores — but higher savings.
If you’re relaxed behind the wheel, you’ll want to steer clear of these states with the strictest driving laws.
If you’re not a fan of fraud, learn what states to avoid living in, including the top 10 metropolitan areas with the highest and lowest levels of identity theft.
Invitation-only financing for Amazon sellers with more flexible payments than you’ll find with Amazon Lending.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.