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
: Considers the age of your oldest account and the average age of all accounts.
: Also known as credit utilization; it measures how much of your available credit you are currently using.
What is a credit score? | Consumer Financial Protection Bureau
: The variety of accounts you have, such as credit cards, retail accounts, and installment loans (auto, student, or mortgage).
: The most critical factor; it tracks whether you pay bills on time.
: Includes recent credit inquiries and recently opened accounts. Credit Score Ranges & Meaning