Credit Scores Explained -

Higher scores suggest you are a lower risk to lenders, often leading to better interest rates and loan terms. While ranges vary by model, a general breakdown includes: : Exceptional 740–799 : Very Good 670–739 : Good 580–669 : Fair 300–579 : Poor 3. The Three Major Bureaus A guide to understanding your credit score

Most scoring models, like , use five key factors from your credit history: credit scores explained

: Your record of making on-time payments. This is the most influential factor. Higher scores suggest you are a lower risk

: Also known as credit utilization . It compares how much you owe to your total available credit limit. Lower percentages (ideally under 30%) are better. credit scores explained