Credit Score

What Is a Credit Score?

A credit score is a three‑digit number (usually 300‑850) that lenders use to decide how likely you are to repay borrowed money. The higher the score, the better the loan terms you qualify for.

What’s a Good Score?

• 300‑579 – Poor
• 580‑669 – Fair
• 670‑739 – Good
• 740‑799 – Very Good
• 800‑850 – Exceptional

The Five Factors

The bar chart illustrates the weight of each factor in your FICO score. Payment history is the most critical – a single late payment can drop your score by 100 points.

How to Improve It

• Always pay bills on time
• Keep credit card balances below 30% of your limit
• Don’t open too many new accounts at once
• Maintain old accounts to lengthen credit history

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Last verified: July 2026