Credit Scores
A credit score is a number that is calculated based on your credit history to give lenders a simpler "lend/reject" answer for people who are applying for credit or loans. This number helps the lender identify the level of risk they may be taking if they lend to someone. Your credit score is calculated in a weighted formula. It uses the information in your credit report. The number itself can range from 300 to 900. In most instances, you need to pay to see your own credit scores. But a few credit cards offer their card members free access to credit scores and reports. In addition, some credit monitoring services also offer free credit scores and reports.