What is Credit Score? Beginner's Guide | Money Instructor

Credit scores explained in an easy to understand way. Understanding your credit score is crucial for managing your finances, whether you're just starting to build credit or have been doing so for a while.

A credit score is a number that represents your creditworthiness to lenders. Lenders use it to determine loan terms and interest rates. You can improve your score by paying bills on time, keeping credit utilization low, and monitoring your credit report. A higher score means better loan terms, and a lower score can make it harder to get approved. Lesson presented in a entertaining kid friendly way. Credit 101. Definition of credit score.

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