Credit Score
A number (typically 300–850) that summarizes your creditworthiness for lenders.
What does credit score mean?
It’s driven mostly by payment history and credit utilization, with account age, new credit and credit mix making up the rest. A higher score unlocks lower rates on loans and credit cards.
Related terms
Credit Score — frequently asked
What is a good credit score?
On the common 300–850 FICO scale, 670–739 is considered good, 740–799 very good, and 800+ exceptional. Most of the best mortgage and auto-loan rates open up around 740 and above.
How can I raise my credit score quickly?
The fastest levers are paying down credit-card balances to lower your utilization below 30%, making every payment on time, and disputing any errors on your report. Avoid closing old cards, since length of history helps your score.