06/25/2022
A credit score is a number that reflects how trustworthy you are when it comes to paying your debt as agreed. While scores can be calculated a few different ways depending on the service used, here are a few common elements factored into your credit score:
Payment history - do you pay your bills on time?
Number of open credit lines
Debt you owe
Utilization ratio - how close do you come to reaching your credit limit every month?