Credit Score Tracker
Monitor your credit progress and optimize for better mortgage rates
Your Credit Score
Credit Score Range
300
580
670
740
850
650
Poor
300-579
Fair
580-669
Good
670-739
Excellent
740-850
Credit Score Factors
Payment History
35%
On-time payments are crucial
Credit Utilization
30%
Keep below 30% of limits
Length of History
15%
Older accounts help
New Credit
10%
Limit new applications
Credit Mix
10%
Variety of account types
Credit Utilization Calculator
$
$
Utilization Rate
30%
Good - Keep it below 30%
Mortgage Rate Impact
With your current score
7.5%
Estimated mortgage rate
On a $300,000 mortgage:
Monthly Payment
$2,098
Lifetime Interest
$455,280
Improvement Timeline
1
Month 1-3
Pay down high balances, dispute errors
+10-30 points possible
2
Month 4-6
Establish payment history, reduce utilization
+20-40 points possible
3
Month 7-12
Continue good habits, see compound effects
+30-50 points possible
🎯 Your Action Plan
💡 Credit Building Strategies
Quick Wins (1-3 months)
- • Pay down credit cards to below 30% utilization
- • Become an authorized user on established account
- • Dispute any errors on credit reports
- • Set up automatic payments for all bills
Long-term Strategies (6-12 months)
- • Keep oldest credit cards open
- • Diversify credit types (secured loan, etc.)
- • Avoid applying for new credit unnecessarily
- • Build emergency fund to ensure payments