McLEAN, Va. (8/18/15)--Half of college students don’t check their credit score. Some don’t have one to check--or they don’t even know what one is (USA Today Aug. 1).
A credit score is a three-digit number ranging from 300 to 850 that helps lenders, landlords, or potential employers assess consumers’ credit risk. It’s generated by information in the credit reports from each of the three major credit bureaus: Experian, TransUnion and Equifax. Credit scores are one of the most important numbers tied to financial identity. Credit scores carry serious weight when applying for a loan, buying a house, determining interest rates or even searching for a job.
To learn more about credit scores and how to improve them, understand:
More ways to boost your score:
For related information, read “5 Ways to Use Good Credit as Your Emergency Safety Net” in the Home & Family Finance Resource Center.