Use this calculator to assess your credit. After entering your information, your credit is assessed as 'Good', 'Fair' or 'Needs Improvement'. Press the report button for more information about what this assessment means to you.
Definitions
Credit assessment
Your credit is calculated as 'Good', 'Fair' or 'Needs Improvement'. A good credit assessment means you should be able to qualify, within the limits of your income, for most loans. You are also much more likely to receive the best interest rates available. If your credit is fair, you will probably not have trouble qualifying for a loan, but you may not receive the best available interest rate. If your credit rating needs improvement, you may have issues that could limit your ability to qualify for many loans.
Consumer loan payments
Enter the number of late consumer loan payments you have had in the last two years. Consumer loan payments include car loans, student loans, and credit cards.
Mortgage or rent payments
Enter the number of late mortgage or rent payments in the last two years. Mortgage and rent payments include the following types of payments: mortgage, rent, equity line and second mortgage payments.
Bankruptcy last two years
If you or any of your co-borrowers filed for bankruptcy within the last two years, mark this entry as "Yes".
Bankruptcy three to seven years
If you or any of your co-borrowers filed for bankruptcy within the last seven years, mark this entry as "Yes".
Foreclosure last two years
If you or any of your co-borrowers had a property sold under foreclosure within the last two years, mark this entry as "Yes".
Foreclosure three to seven years
If you or any of your co-borrowers had a property sold under foreclosure within the last seven years, mark this entry as "Yes".
Open lien
If you or any co-borrowers have open collection items, charge-offs, judgments, or liens mark this entry as "Yes".
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Newsletters and bulletins on new issues, promotions and more.
Free financial education tools for PFMs, service members and their families.
Find out if Military Money is distributed at your base.
Online interactive tools to help manage your finances
JUST FOR SPOUSES!
Military Money's new Just for Spouses! channel covers it all - from
personal finances to family life, from parenting to PCS - through a
spouse's unique perspective.
FEATURED INTERVIEW
FINRA Investor Education Foundation’s Executive Director John Gannon discusses the results of a recent survey which measured financial confidence. Listen Now!
