What Is a Credit Score?
A credit score is a three-digit number that represents your creditworthiness, or how likely you are to repay borrowed money. Lenders, banks, and financial institutions use this score to determine whether to approve you for loans, credit cards, mortgages, or other financial products.
Your credit score is based on information from your credit report, which includes your payment history, debt levels, credit mix, and more. Scores typically range from 300 to 850, with higher scores indicating better credit health.
