Credit Score
💳 Credit & loans
Quick Definition
A three-digit number that represents your creditworthiness based on your credit history.
Examples
- 1A score of 750+ is considered excellent and qualifies for the best rates
- 2A score below 580 is considered poor and may result in loan denials
- 3Paying bills on time for 6 months can improve your score by 50+ points
Tags
creditscorelendingfinancial-health
Related Terms
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Quick Info
Category:Credit & loans
Difficulty:basic
Last Updated:12/15/2024