How Credit Scores Work 📊 Unlock the secrets behind your credit score!
What Is a Credit Score? Your credit score is a 3-digit number that shows how trustworthy you are with money. It helps lenders decide whether to approve you for credit.
Credit Score Range 📉 300–579: Poor ⚠️ 580–669: Fair 👍 670–739: Good 💪 740–799: Very Good 🌟 800–850: Excellent
Why It Matters Your score affects: 💳 Credit card approvals 🏡 Loan interest rates 🚗 Car financing Even job or rental applications!
What Affects Your Score? 🏦 35% Payment history 💳 30% Credit usage 📈 15% Credit history length 🔄 10% Credit mix 📝 10% New credit
How to Improve It ✅ Pay bills on time 📉 Keep credit usage low 📆 Keep old accounts open 🚫 Limit hard inquiries
What Hurts Your Score ❌ Late payments ❌ High credit usage ❌ Defaulting on loans ❌ Too many credit applications
Final Tip 📈 Your credit score = Your financial reputation Monitor it, manage it, and make it work for you!