About the credit score report

Your credit score is a three-digit number, typically between 300 and 850, assigned by credit reporting agencies based on your credit history. Lenders use this score to evaluate your creditworthiness when you apply for credit. A higher score can help you qualify for better loan terms, including lower interest rates.

How often is the credit score updated?

Your credit score report is updated once every quarter. The Next Update date in the top-right corner of the report shows when your score will refresh.

Who provides the report?

Quicken partners with Equifax to provide your credit score report.

Will checking my score in Quicken affect it?

No. Viewing your credit score through Quicken is a soft inquiry and does not affect your credit score.

What if I get locked out during registration?

You may be locked out temporarily if you enter incorrect information or attempt to register too frequently. This is a security measure and does not impact your credit score. If you're locked out, wait and try again later.

What's included in the credit score report?

In addition to your overall credit score and rating, the report includes six key factors that affect your score:

Credit usage

Shows how much of your total available credit is currently being used. Aim to keep usage below 30% to maintain a healthy score.

Payment history

Reflects whether you’ve paid credit accounts on time. Consistent, on-time payments help improve your score.

Age of credit

Indicates the average length of your open credit accounts. Older accounts with good histories benefit your score.

Total accounts

Displays the total number of credit accounts you have, open or closed. A balanced mix is helpful, but account age matters more than quantity.

Credit inquiries

Lists hard credit checks from lenders when you apply for credit. Too many hard inquiries in a short time can lower your score. Soft inquiries, like those from Quicken, have no effect.

Derogatory marks

Shows any major negative events, such as bankruptcies or accounts in collections. These can significantly harm your score and typically remain on your report for seven years or more.