Credit Score

Credit score summary:

• A credit score is a three-digit number that indicates how you have managed borrowed money in the past. 

• Two common types of credit score are FICO and VantageScore. 

• Factors influencing your credit score include your history of on-time payments, how much debt you have relative to credit, and how often you open new accounts. 

Credit score definition and meaning

FICO® Scores and VantageScores® range from 300 to 850, and higher scores are better. Scores are calculated based on:

• Your payment history

• Amounts owed, including your credit card balances in comparison to your credit limits

• Whether you have experience with different kinds of credit accounts

• The age of your credit accounts

• How recently you’ve applied for credit

What’s not in your credit score? Credit scores aren't based on marital status, race, religion, ethnicity, national origin, gender, employment status, occupation, political party, income, bank account balances, whether you receive public assistance, criminal records, or education.