What does credit score mean?

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@WalletHub • 07/10/20 This answer was first published on 07/10/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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A numeric representation of your credit history and creditworthiness. Some people may refer to it as the FICO Score, which is the most popular type of score.

Nevertheless it is important to know that there are thousands of credit scores and a lot of lenders also build and use their own proprietary scores.

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The higher your score, the better your credit. Paying your debts on time can help your credit score skyrocket. It's much easier to get loans when your credit score is high.

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