Credit Education » Score Basics » My Credit Score

My Credit Score

A credit score is a number calculated using information from your credit history. The credit history information comes from credit reporting agencies. Credit scores represent your creditworthiness and indicate the likelihood that you will repay a debt as agreed. They are widely used by lenders. If you have car insurance, a loan or credit cards, the premiums you are paying and your interest rates may be determined in part by your credit scores.

What Does My Credit Score Mean?

Credit scores are numbers lenders use to help them decide how likely it is that they will be repaid on time if they give you a loan or a credit card. Credit scores also are called risk scores because they help lenders assess the risk that you won’t be able to repay the debt as agreed. Your scores are generated by statistical models using elements from your credit report. However, credit scores are not stored as part of your credit history. Rather, scores are generated at the time a lender requests your credit report and are delivered with the report.

Review Your Free Experian Credit Report Today

Good credit begins with knowing where your credit is today. Get started with your free Experian Credit Report, updated every 30 days on sign in. No credit card required.

Get Started for Free

The Game of Credit

Credit is a skill that you build, and it's one that you can get better at. Ready to explore the ways credit can shape your road ahead?