Frequently Asked Questions(FAQ)

What factors impact my credit score?

Credit scores are calculated based on a variety of factors including payment history, amounts owed, length of credit history, credit mix, and new credit. 

How can I check my credit score?

You can check your credit score in a number of ways including by visiting the website of the three major credit bureaus (Equifax, Experian, and TransUnion). You can also use free online services like Credit Karma and Credit Sesame. Your bank statement or credit card statement may also provide an option to view your credit score as well. 

How quickly can I improve my credit score?

This depends on how much you need to raise your credit score by and why. If you have a late payment or delinquent account, it could take anywhere from nine months to over a year to see an increase in your credit score. If you’ve maxed out your credit card, you could see improvement in your score in as little as three months if you’ve taken steps to pay down the balance. More serious negative marks like bankruptcy can remain on your credit for several years. 

About the Authors

Choncé Maddox

Written by: Choncé Maddox

Certified Financial Education Instructor (CFEI)

Choncé Maddox is a Certified Financial Education Instructor (CFEI) and personal finance freelance writer.

More about me

More About Credit Scores

Show More

Show More

Show More

Show More