What do credit scores mean?

Answer A credit score is a three-digit number that represents the creditworthiness of an individual. The most commonly used type of credit score is the FICO score.PurposeCredit scores are used as an objec... Read More »

Top Q&A For: What do credit scores mean

How to Improve Credit Scores With Credit Card Payoffs?

Your credit score continually changes, moving up or down based on how you handle your loans and accounts. Factors like on-time or delinquent payments, opening or closing accounts and paying down ba... Read More »

What is the scale for credit scores?

Credit scores are developed by major credit bureaus, the most widely used of which is FICO (Fair Isaac COrportation). Factors that determine an individual's credit rating include payment history, d... Read More »

What is the range for credit scores?

FICO scores attempt to summarize a borrower's credit history with one number. FICO scores range from approximately 375 to 900 points. Higher scores are considered to be better.Three Credit BureausT... Read More »

What are the ranges for credit scores?

When you apply for a loan, the finance company will check your credit score. The score represents your credit history and falls into a numerical "range" that represents classifications from "excell... Read More »