Essentially, a credit score is a number ranging from 300 to 850 to help lenders determine the likelihood that you’ll pay your loan back to them.
Some common factors are: – Paying Your Bills – Your Debt – Credit Card Usage – Credit and Loan Applications
You can get a full credit report from each of the three credit bureaus once per year from AnnualCreditReports.com.
A FICO score is typically a score in the range of 300 – 850. There are several ratings credit scores in the FICO rating system: poor, fair, good, very good, and exceptional.
VantageScore also uses data from Equifax, Experian, and TransUnion to determine a credit score for consumers. VantageScore also uses a similar range of 300- 850.