If you’ve ever applied for a loan, credit card, or even rented an apartment, your credit score likely played a role. Understanding what a credit score is helps you make smarter financial decisions and avoid unnecessary rejections.
5 Things to Know About Credit Scores:
- A credit score is a number that shows how reliable you are with borrowed money.
- It is based on payment history, debt levels, and credit usage.
- Higher scores usually mean better loan approval and lower interest rates.
- Late payments and high balances lower your score quickly.
- Building a strong score takes time and consistent habits.
👉 Your credit score is your financial reputation — protect it like your name.