What is a credit score? | Consumer Financial Protection Bureau
: The most critical factor; it tracks whether you pay bills on time. credit-score-complete
A credit score is a three-digit numerical representation of your creditworthiness, typically ranging from . It acts as a financial "snapshot" that tells lenders how likely you are to repay borrowed money on time. Core Components of a Credit Score What is a credit score
: Also known as credit utilization; it measures how much of your available credit you are currently using. credit-score-complete
: Considers the age of your oldest account and the average age of all accounts.