Your credit score: How it's calculated

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695 Credit score*
*Average credit score as of 2015. Source: FICO®

Length of credit history

Types of credit in use

New credit

Payment history

Amounts owed

What makes up your credit score

A credit score is typically a three-digit number based on information in your credit report that measures your risk level to lenders. It’s usually calculated using these five categories. And it can always change. That’s good if your score is on the lower side—you can take steps to improve it. The opposite is true if your score is on the higher side—a few slip ups could knock it down a notch. Scores can vary depending on the information available, so they could vary from credit bureau to credit bureau.

Stay up-to-date with your credit score

You can get a free copy of your credit report once a year from

FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

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The material provided on this website is for informational use only and is not intended for financial or investment advice. Bank of America and/or its affiliates, and Khan Academy, assume no liability for any loss or damage resulting from one’s reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional when making decisions regarding your financial or investment options.

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