In this credit score guide, you will find all the information you need to understand how credit scores work and what you can do to improve yours.
But first, let’s start with a quick definition. Credit scores are numbers that let lenders know about the likelihood of a person to pay their debt on time. There are many credit score models out there, but in the U.S., the FICO score is the most famous one. FICO (originally Fair Isaac Corporation) provides the algorithm for credit report bureaus to determine your credit score. However, it doesn’t gather or report your credit information.