Credit Scores 101 spring
Why They Matter and How to Improve Yours
Last Published - Wed, May 7 2025
What Is a Credit Score?
A credit score is a numerical rating (typically from 300 to 850) that represents your creditworthiness. Higher scores indicate lower risk to lenders.
Factors That Influence It
Payment history, credit utilization, length of credit history, new credit inquiries, and credit mix all play a role in determining your score.
How to Improve Your Score
Pay bills on time, keep balances low, avoid unnecessary credit inquiries, and maintain long-standing accounts.
Check It Regularly
You’re entitled to a free annual credit report from each major bureau. Review them to ensure accuracy and detect fraud early.
Why It Matters
A strong credit score can qualify you for better loan terms, lower interest rates, and even lower insurance premiums or rental approval.
Meet the Expert
