A credit score is a number ranging from 300 to 850 used by lenders to determine the likelihood of loan repayment.
Several factors can impact a credit score including: paying bills on time, amount of debt, credit card usage, and loan applications.
Age, race, religion, nationality, gender, marital status, salary, and occupation do not impact credit score.
Credit scores can be obtained through credit bureaus or various online options.
Good credit scores can result in higher loan amounts, lower interest rates, and lower fees on loans.
A good FICO credit score is between 670 and 739, while a good VantageScore is between 700 and 749.
To improve credit scores, focus on factors considered by FICO and VantageScore and make on-time payments, reduce debt, and limit credit and loan applications.