Credit Scores 101

Your credit score affects whether you can get a loan or credit card, how much you can borrow, and what rate you’ll pay. Here’s what you need to know about that 3-digit number:

The 5 Factors That Affect Your Credit Score¹

How Do I Build Credit?

A good credit score has a major impact on your finances, so it’s important to start out strong. In this Coach session, learn how to build a credit score for the first time or boost an already decent score, and create a plan with options that work for you. To begin, select Get Started. Follow the prompts, answer the questions, and provide information when asked.

Your Path to Building a Better Credit Score

Now that we have covered what goes into your credit score, it may be easier to visualize the path you could take on your credit building journey. From getting the best cell phone plans and securing an apartment lease to getting a great rate on a mortgage or car loan, your credit score can help you leverage great deals. Here’s your map to put you on the path to a better credit score.

¹ Credit data used to calculate a FICO® Score, the score used in more than 90% of lending decisions.

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