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| Name | What is your Credit Score? Credit Score Explained | Discover | Card Smarts |
| Video Uploader | Video From Discover |
| Upload Date | This Video Uploaded At 26-09-2019 12:41:37 |
| Video Discription | A credit score is a measure that lenders use to determine how likely you are to pay your credit card bills and loans promptly. Lenders use credit scores to decide whether they can trust you to pay back your debts. Related Links: Credit Score Guide: https://www.discover.com/credit-cards/card-smarts/credit-score-guide/ Free Credit Score: https://www.discover.com/credit-cards/free-credit-score/ Credit Cards: https://www.discover.com/credit-cards/card-smarts/ A credit score, explained in simple terms, is a metric calculated by a credit bureau. Lenders use your credit score to determine your likeliness to pay back debt. The credit score helps creditors understand your financial history and predict expected behavior. Lenders use your credit score to make an educated guess about your creditworthiness before offering you a loan or a line of credit. What is a credit score based on? The credit score model credit bureau uses certain credit bureau data points to calculate your credit score. These data points include payment history, length of credit history, amount of debt, credit mix, and new credit. Scores are usually three-digit numbers between 300-850. The higher the number, the better your credit score. What is a good credit score? Based on the FICO® Score ranges, good credit is considered 670-739. Related Videos: What is your Credit History? https://www.youtube.com/watch?v=t-k7FtZxyE8 What is a Credit Bureau? https://www.youtube.com/watch?v=nnyMioKSgbY Subscribe to the Discover YouTube Channel and follow Discover here: Facebook: https://www.facebook.com/discover Instagram: https://www.instagram.com/discover Twitter: https://www.twitter.com/discover LinkedIn: https://linkedin.com/company/discover-financial-services |
| Category | People & Blogs |
| Tags | credit score | what is credit score | credit score explained | understanding credit scores |
