What is a Credit Score?

A credit score is a number representing the “creditworthiness” of a person or the likelihood that he/she/they will pay their debt. Credit scores are linked to your social security number.

A credit score is a number that usually ranges anywhere from 300–850, determined by the three main credit reporting agencies: TransUnion, Experian, and Equifax. It basically represents the risk you present to a creditor as far as being able to pay back loans and credit card balances. The higher your score, the lower your risk.