Credit Scores

When you apply for credit, lenders determine your credit risk by examining your credit scores, also known as FICO® scores because they are calculated with software developed by Fair Issac and Company. Each of the three main credit bureaus — Experian, TransUnion, and Equifax — keep credit information about you that is used to calculate your FICO scores. Such information includes your payment history, the amount of money you owe, the length of your credit history, and the number of recently opened credit accounts.

Your FICO scores assist lenders in determining your credit risk. Scores range from 300 to 850. The higher your score, the lower your perceived risk is to a lender.

Score Chart

Credit Score Chart

To get a free estimate of your credit score, visit, Opens in a new tab.

Keep Your Credit Score Strong

Source: Visa’s Practical Money Skills for LifeTM 1, Opens in a new tab