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 determine how likely you are to repay debts on time. Your credit score can determine your eligibility for loans or credit cards, as well as the interest rates you’ll be charged for those 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 impacts the cost of debt over your lifetime.
Credit scores in Truebill are sourced from Experian and graded on the below scale:
781-850 - Excellent
661-780 - Good
601-660 - Fair
500-600 - Poor
300-499 - Very Poor