Your credit score is a 3 digit number used to determine your creditworthiness. Banks, landlords, utility companies and other lenders use your credit score to gage how likely you are to repay debts. Your credit score also factors into whether or not you’re eligible for loans or credit cards, as well as the interest rates you’ll be charged for these products.
Your credit score ranges from 300 to 850. The higher your score the better chance you have of being approved for credit at competitive interest rates, which ultimately determines the cost of your debt over your lifetime.
Credit scores in Truebill are graded on the below scale:
300-499 - Very Poor
500-600 - Poor
601-660 - Fair
661-780 - Good
781-850 - Excellent