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

Lack of Revolving Accounts Hurt Credit Score

My credit report says my score is reduced because I have no revolving...

5 Financial Red Flags Your Partner Doesn’t Want You to Notice

Many relationships can’t take flight until both parties have a candid discussion about money....

How Utilization Rate Affects Credit Scores

I have been led to believe that a component of one's overall credit...

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...

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
Review Your Free Experian Credit Report Today

Good credit begins with knowing where your credit is today. Get started with your free Experian Credit Report, updated every 30 days on sign in. No credit card required.

Get Started for Free