Are you interested in renting a home, getting an auto loan, securing a mortgage, or opening a credit card? Then be prepared for lenders to look at your credit score.
A credit score is a three-digit number that lenders use to predict your behavior as a borrower, including whether you’ll make payments on time. It’s calculated using several factors, such as your payment history, total unpaid debt and how much available credit you’re using, according to the Consumer Financial Protection Bureau.
