A credit score is a number between 300 and 850 that tells a lender how much of a credit risk you are, that is, it’s a prediction of how good you are at paying back money.
People who are “good” credit risks get better deals, such as bigger loans and lower interest rates. “Bad” credit risks may be denied loans or will get smaller loans at higher interest rates.
Factors influencing your credit score include how much debt you have now, your history of paying back loans, whether you paid on time and whether you made minimum payments or paid off the monthly balance in full.
There are three credit agencies.
One is Experian. Here is there blog about What Is a Good Credit Score?
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