Credit Score Glossary
Your guide to understanding and improving your credit score.
Understanding your credit score is the first step toward building a strong financial future. This guide breaks down what a credit score is, how it's calculated, and why it matters. Use this information to take control of your credit health.
A credit score is a three-digit number, typically between 300 and 850, that represents your creditworthiness. It's a snapshot of your financial history, designed to help lenders quickly determine how likely you are to repay a loan. The most common scoring models are FICO® and VantageScore.
A higher score indicates lower risk to the lender, which can lead to better interest rates and more favorable loan terms.