What is a Credit Score?

A credit score is a numerical representation of your creditworthiness, based on your credit history. It plays a crucial role in determining your ability to borrow money and the interest rates you will pay.

Factors Affecting Your Credit Score

• Payment History: Timely payments boost your score.
• Credit Utilization: Keep your credit usage low.
• Length of Credit History: Longer histories are favorable.

Understanding these factors can help you manage your credit score effectively.