Answers about Credit Scores

What is a credit score?

This is a number, roughly between 300 and 800, that measures an individual's creditworthiness. The most well-known type of credit score is the FICO® score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report.

Banks use a credit score to help determine whether you qualify for a particular credit card, loan, or service.