A credit score is like a report card for how you handle borrowed money. It ranges from 300 to 850.
Score Ranges:
What Affects Your Score:
1. Payment History (35%): Paying bills on time is #1
2. Amount Owed (30%): How much of your credit limit you use
3. Length of History (15%): How long you've had credit
4. New Credit (10%): How often you apply for credit
5. Credit Mix (10%): Having different types of credit