Explained | Credit Score

The most common scoring model, developed by the , is calculated using five key factors from your credit report: Your Credit Score Explained

A credit score is a three-digit number, typically between , that summarizes your creditworthiness or the likelihood that you will repay debt on time. Lenders like banks and credit card companies use this number to decide whether to approve your loan applications and what interest rates to charge you. The Anatomy of a FICO Score credit score explained