740+ Excellent
The most commonly used credit score, your
FICO score, is generated by three major
credit bureaus (Experian, TransUnion, and
Equifax), and is based on information in
your credit report.
720-739 Very Good
690-719 Good
660-689 Average
Your credit score is a three digit number
that ranges from 300-850 and lenders
typically use this score to determine the
likelihood you will be able to pay them back.
640-659 Poor
>639 Need help
WHAT IS A CREDIT SCORE?
OU Student Financial Services
HOW IS YOUR CREDIT SCORE DETERMINED?
• One late payment can lower your score by as much as 100 points.
Obtain your free credit
report annually at
• You can challenge inaccurate information on your report.
• The total credit you have is less important than your total available credit.
annualcreditreport.com
• Debit cards will not repair or establish credit.
• You can request a free credit report once a year.
payment history
amounts owed
30%
35%
length of credit history
number of types of credit
new credit
10%
15%
10%