Credit Scores 
Your Credit Score Is Important
We help you understand what a “credit score” is, how scores are calculated, and how you can easily figure out how your personal credit score compares to other scores.
A credit score is a number that lenders use to help decide whether you are a good or a bad credit risk. Here’s a simple way to understand how credit scores are used. Imagine a guy named Joe is asking a friend (Sue) to loan him $500. Sue probably will say “no” if she has a poor view of Joe’s ability to repay her. On the other hand, she may loan Joe the money if she is confident that Joe will repay when he says he will. That is, Sue considers Joe’s “credit reputation” when making her decision.
That’s all your credit score is—an attempt to measure your credit reputation. It is a number that is calculated based on your history of repaying other creditors (like credit card companies, mortgage lenders, utility services, etc.). If you have a great credit reputation or history, you should have a great credit score. If you have been unreliable in repaying your obligations, you will probably have a poor credit score.
-
How A Good Credit Score Saves You Money
Lenders make money off of the interest payments that they receive from customers that take out loans with them. So, what happens if customers do not make their monthly payments? Lenders lose money, plain and simple. But they have a way of recovering the money that they’ve lost. They simply charge higher interest rates to people who are more likely to default on their loan.
READ MORE -
Introduction to Credit Score Ranges
Ever wonder what type of scores are “good” credit scores, and what type of scores are “bad” credit scores? This brief article generally describes credit score ranges.
READ MORE -
Introduction to Credit Scores
The first thing that comes to mind when most people think about their credit is their “credit score”. Just what is a credit score? This article gives you the information you need to understand exactly what a credit score is, and how it is calculated.
READ MORE
Easy Credit
Good credit scores save you thousands of dollars. We've made it easy for you to learn about good credit. Download our free Easy Credit Guide and find out how easy it can be to get good credit!
DownloadGet Our Credit Tips
Serious about improving your credit and saving money? Make it easy for yourself, and get our weekly Credit Tips newsletter delivered by email.
Free Credit Reports
(Plus Scores!)
To improve your credit score, you need to know your credit score. Get all three credit reports (plus credit scores) in this free offer.
Get it NowCredit Success Stories
“Before starting with Credit X-Pert's [a preferred partner of CreditScoreAide] I had an 18% interest rate on my car and I couldn't get a credit card ANYWHERE. In Three months my credit score jumped over 100 points. Now my interest rate is 6% and I have 2 new credit cards with a great credit limit! I really didn't expect this but now I am a firm believer in what Credit X-Pert's can do for people. Thanks for EVERYTHING!”Read More