Credit Score Explained - How Are Credit Scores Calculated .

understanding your credit score credit score is a simple three-digit number that tells lenders how likely you are to repay a loan here are two friends Leslie and Andy Leslie and Andy are both 30 years old living in the same sea working at the same place and earning the same salary Leslie is fiscally responsible she puts a portion of her salary into a savings account every month always pays her credit card bills on time and has never missed a payment on the mortgage