Credit Score

A number summarizing a consumer's past use of credit, used by lenders to price risk.

Scores are built and repaired by paying bills on time, paying down existing debt, and keeping card use light.

Often confused with

Credit Report: The report is the record of what you did; the score is the number summarizing it.

Taught in

3.2 Borrowing, Credit, and Debt

See also

3.2.B.4 · 3.2.C.4