For many people, understanding credit scores is a mystery.  You might even find yourself wondering: Is my credit score good? 

The first step in knowing is to obtain your annual credit report and then compare it to the chart included further down in this post.

Where Can I Find my Credit Score?

While many different companies, websites and apps offer free credit scores, annualcreditreport.com is the most reliable website for obtaining a truly free credit report. You are entitled to one free credit report per year. Make sure to take advantage of this free resource, as it is also a good habit to avoid fraud from creating havoc on your identity. 

What the Score Means:

A FICO Score ranges from 300-850. 300 is the lowest, and 850 is the highest. Most consumers have credit scores that fall between 600 and 750, and son traditionally, a FICO score between 670 and 739 is good. Furthermore, a score between 740 and 799 is very good, and a score over 800 is exceptional.  If you find yourself with a lower score than you would like, there are several ways to increase your score.

With so much at stake, you need to know what a credit score is and how credit scores work. This complete guide to credit scores will help you understand credit scores and show you how to build yours up to take control of your financial future.

You may also want to consider a debt consolidation loan of some type as these significantly reduce the level of your interest rates and your overall cash paid out over time.  To get a better understanding of how credit card payoff works both ways, you can use the free calculator below. 

FICO is a registered trademark of the Fair Isaac Corporation in the United States and other countries.

Do you know what it will take to pay off your credit cards? 
Use our free calculator to find out.