What is a Credit Score?

A credit score is a numerical representation of your creditworthiness. It is used by lenders to assess the risk of lending money to you.

Factors Affecting Your Credit Score

Several factors influence your credit score, including payment history, credit utilization, length of credit history, and types of credit used.

Improving Your Score

To improve your credit score, pay bills on time, reduce debt, and avoid opening too many new accounts at once.

"Your credit score is like a report card for your financial life." - Unknown