Start here by reading the instructions first
How to Use this Credit Score Simulator
Based on the average US customer credit score we have set the initial start score to 690, which is in the ‘Good’ range.
- Please adjust your current credit status first if it’s not in the ‘Good’ range. Then add your total credit limit as well as your current balance.
- Proceed by clicking on the various questions and check with different financial scenarios.
It’s best practise to simulate only one change at a time. The more changes you simulate at once the less accurate the result.
How to Improve Your Score
These 5 factors make up your credit score:
- Credit Inquiries – 10%
- Type of Credit – 10%
- Credit Longevity – 15%
- Credit Balances – 30%
- Payment History – 35%
You will find all relevant credit related information in High Credit Score Secrets. This practical compendium reveals over 50 ways you can boost your credit rating. Understand the exact mathematical algorithm that all 3 major credit bureaus use to calculate your credit score. Learn what actions you can take to improve your credit score and what behavior will demote it. For a limited time it’s available on Amazon for just $2.99
Currently, the FICO Score 9 is the most commonly used credit score model. We have adapted the FICO score scale, but the calculation model we use differs from the FicoScore and VantageScore. However, our calculations are close enough and they will give you a good overview of what will happen to your score if certain financial situations change.
Our tool is not capable of providing exact estimates and you should not make any financial decisions based on the output from our simulator.
Enter your current credit status
What happens when I change my credit balance or limit?
What happens when I take out a new loan?
What happens when I open a new account?
What happens when I close an old account?
What happens when I miss one or more payments?
What happens when I declare bankruptcy?
What happens when I have liens, foreclosures or judgments?
My question is not listed here
There are more financial scenarios than this free credit score simulator can offer. Please refer to the sections below to find answers to the most common questions.
- Credit Basics – How to Use Credit Cards
- Build Credit – How to Build Excellent Credit
- Credit Score – How to Improve Your Credit Score
- Credit Report – How to Check Your Credit Report
- Credit Repair – How to Repair Your Credit
- Credit Protection – How to Protect Your Credit
You will find all relevant credit related information in High Credit Score Secrets. This practical compendium – with over 300 pages – reveals over 50 ways you can boost your credit rating. Learn the exact mathematical algorithm that all 3 major credit bureaus use to calculate your credit score. Understand what actions you can take to improve your credit score and what behavior will demote it. For a limited time this book is available on Amazon for just $2.99