Your credit score is a number from 300-900 that represents your creditworthiness. This is important because:
- Lenders use it to determine your eligibility for loans, credit cards/limits, and other financial products.
- Landlords often use credit scores to screen potential tenants.
- A higher credit score typically means better loan terms and lower interest rates.
Some of the best ways to have a high credit score is to pay your bills on time and to try and spend less than 30% of your credit limit each month.