Understanding Your Credit Score
Think of your credit score as the key to your financial success. It’s used by all sorts of lenders, landlords and even employers to size up whether you’re a good credit risk.
Your score is based on information from your credit report including the length of your credit history, new accounts and credit requests, your total indebtedness and your payment history.
The highest possible score is 850. The lower your score is, the riskier you appear to potential lenders.
If you want to improve your credit score, remember to pay your bills on time and to catch up on missed payments. Don’t close unused credit cards, and don’t open unneeded credit accounts. The surest way to a good credit score is simply be responsible.