Credit scores play a critical role in the financial lives of millions of people.
Credit scores are numerical representations of an individual's creditworthiness, based on their credit history.
Credit scores range from 300 to 850 and are used by lenders, landlords, insurance companies, and employers to assess creditworthiness.
Maintaining a good credit score is crucial for financial stability and access to credit.
Credit scores impact loan terms, such as interest rates and credit limits.
Credit scores are also used by landlords, insurance companies, and employers during background checks.
Tips for improving and maintaining a healthy credit score include paying bills on time, keeping credit utilization low, building a positive credit history, and limiting credit inquiries.
Tips for improving and maintaining a healthy credit score include paying bills on time, keeping credit utilization low, building a positive credit history, and limiting credit inquiries.