A credit score is a that summarizes your creditworthiness, representing how likely you are to pay back borrowed money on time. Most lenders use these scores—typically ranging from 300 to 850 —to decide whether to approve you for loans, mortgages, or credit cards, and to set the interest rates you will pay. 📊 How Scores Are Calculated
The most common scoring model, the , uses five main categories of data from your credit reports to determine your number. What it measures Payment History 35% Your track record of on-time or late payments. Amounts Owed 30% credit score information
How many new accounts or "hard inquiries" you have recently made. 10% A credit score is a that summarizes your