Everything You Need to Know About Your Credit Score (And How to Get a Free Credit Report Score)

Your credit score is the three digit number that is used by lenders to determine how much of a risk they would be taking to lend you money or give you credit. It is based on the information that is in your credit report, and then compared to the scores of millions of other consumers. The score is figured out by running a mathematical formula. Your credit score is important because it affects the amount of interest you will pay on credit cards, loans, insurance and mortgages. A low credit score can cost you a job or stop you from renting the house or apartment you want, keep you from getting insurance, and can even prevent you from getting a cell phone!... read more