A credit score is a three-digit number between 300 and 850 that’s based on your credit history. Lenders use it to gauge your ability to pay back a loan. A good credit score is often considered to be 670 or higher, but it depends on the credit-scoring model used. Read: What Is a Good Credit Score...
GOBankingRates can help you learn about how the credit scoring system works and the different ways you can improve your credit score. For example, some things that affect your credit score include getting a divorce, avoiding credit entirely, applying for a loan and allowing bills to go unpaid. You can even have a perfect payment history and still have poor credit.
In addition to tips for using credit and improving your credit score, you’ll find helpful rate comparisons on loans, accounts and credit cards from local and national institutions on GOBankingRates. The site also provides comprehensive breakdowns and articles filled with advice about financial products and services.
Start browsing GOBankingRates today and take advantage of personal finance tips that can help you improve your credit score.