When you're looking for a credit score chart, you may be looking for one of two things. One may be a range of credit scores showing you all the different credit scores possible and indicating which ones are excellent, good, fair or poor. The other may be a pie chart showing you the factors that go into determining your credit score such as your payment history, length of credit history or types of credit used. In either case, you will find both charts below so you can have a better understanding of your credit scores.

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The first credit score chart we will start with will be the factors that make up your credit score. As you can see from the image below, your payment history and the amount of debt you have will have the most influence on whether you have a good or bad credit score. Combined, these make up 65% of your FICO. This is why it is very important to pay all your bills on time and keep your amount of credit card debt to a minimum.

The next biggest factor is the length of your credit history. This makes up 15% of your score. You do not want to close unused accounts because this can actually lower your score. The longer your credit history the better.

Making up the final 20% of your score is types of credit you have which accounts for 10% and new credit applications which makes up the other 10%. You want to make sure you have several different types of credit on your credit report. Examples would be a mortgage, an auto loan, several unsecured lines of credit or credit cards. And of course all of them with good payment histories will ensure you have a good credit score.

Next let's take a look at another credit score chart which shows the range of credit scores possible. 300 to 850 is what is possible. The higher the number the better. From 300 to over 550 puts you in the bottom 10% of US consumers. From 550 to 700 makes up the next 30%. So if you have the 700 credit score, you have a better credit score than 40% of the US population. But that is still only considered a fair credit score.

To have a good or excellent credit score you need to be in the top 60%. This would mean a score of 750 to 850. This would entitle you to the best rates available for all financial products. A score in this range indicates that you are among the lowest risk consumers and will pay back any money that you borrow on time.

So where do you stand on a FICO credit score chart? You can check your credit score absolutely free and find out where you rank.

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