Your credit score is a three-digit number that measures your creditworthiness. It is used by lenders to determine whether or not to approve you for a loan and what interest rate to charge you.

A good credit score is essential for many major financial transactions, such as buying a house or car. It can also save you money on interest payments.


If you have bad credit, there are steps you can take to improve your credit score. Start by paying your bills on time and keeping your credit utilization low. You can also try to get a secured credit card. Secured credit cards require a deposit, which serves as your credit limit. If you use the card responsibly and make all of your payments on time, you can help to improve your credit score.

There are many things you can do to build your credit score, such as:

  • Paying your bills on time. This is the most important factor in your credit score.

  • Keeping your credit utilization low. This means using less than 30% of your available credit.

  • Avoiding opening too many new credit accounts. This can hurt your credit score.

  • Becoming an authorized user on a credit card with a good payment history. This can help you build your credit history.

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