How to Read Your Credit Score

How to Get Your Credit Score, Read It, and What It Means

a credit score gauge

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Your credit score is one of the most important numbers of your life. It's important like your phone number, your bank account balance, or your social security number. Creditors and lenders will check your credit score to decide whether to approve your application. You should check your credit score, too, so you have an idea of what your creditors and lender will see when they pull your credit score.

Getting Your Credit Score

You can order your credit score - which is based on your credit report - from a variety of sources. First, you can check your credit score for free through one of these services:,,,, and Some credit card issuers make your credit score available either on your billing statement or online at their website. Finally, you can purchase your credit score from any of the major credit bureaus - Equifax, Experian, and TransUnion - or through

When you order your credit score, all you have in front of you is a number. If you've never ordered your credit score before, or if it's been awhile since you last checked your credit score, you may not understand what you're looking at. You need to know how to read your credit score to understand what your specific credit score means. Many companies that sell your credit score will also include a gauge that helps you read your credit score. That gauge will help you figure out whether you have good or bad credit and the factors that influence your credit score.

What It Means

Credit scores are a three-digit number, often ranging from 300 to 850, with 300 being the lowest credit score you can have and 850 being the highest possible credit score. The higher your credit score is on the scale, the better your credit is. Some credit scoring models may use a slightly different range, but higher scores will always be better than lower ones. In general, credit scores fall on the following range:

  • Above 750: excellent credit
  • 700–750: very good credit
  • 650-700: good credit
  • 600-650: bad
  • Below 600: very bad

High credit scores mean that you've typically done a good job of managing your credit in the past. You've managed your credit accounts well, kept your balances at a manageable level, you've made your payments on time, and you've avoided major credit blunders. With a high credit score, you're more likely to have your credit card and loan applications approved and for the most favorable terms.

On the other hand, low credit scores indicate that you've had trouble managing credit in the past. You may have racked up high credit card balances, borrowed more than you could afford to pay, missed several payments, or possibly have had a foreclosure or repossession. A low credit score makes it more difficult to get approved for credit cards and loans. When you are approved, you may have a higher interest rate.