What is a Credit Score? | Everything You Need To Know About Credit Scores!



What is a Credit Score? | Everything You Need To Know About Credit Scores!
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People don’t realize how credit scores affects them. It affects interest rates on credit cards, auto loans, and home loans. Not only that, many landlords and employers are using credit score to determine whether they get that job or housing.

Credit Scores matter. When applying for a credit card, auto loan, or getting pre-approved on a home mortgage. You need your credit score to be in tip TOP shape to get the best interest rates. Watch the video examples to see how interest rates can affect your credit card payments and a 30-year home mortgage.

FICO Score and Credit Score are terms that are used interchangeable.

What makes up your credit score?

10% – New Credit Accounts
10% – Type of Credits
15% – Credit History Length
30% – Amount Owed
35% – Repayment History

You are eligible to obtain a free credit report once a year.
This is the ONLY source for your free credit reports authorized by Federal Laws:

⬇️ Comment down below on your thoughts and opinions! ⬇️

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⌚️⏰ Video Timestamp ⏰⌚️

0:00 – Intro
0:54 – What is a Credit Score
2:16 – Credit Score Numbers Explained
3:24 – Average Credit Card Debt/Example
4:20 – Home Interest Rate Example
5:12 – 5 Categories on How Credit Scores Are Calculated

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*Disclaimer: This is designed to provide general information AND entertainment. It is not intended to serve as professional legal, tax, or other financial advice. For individual situations, consult with a professional, attorney, CPA, and/or other advisors regarding your specific situation.

* Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favour of fair use.

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6 Responses

  1. Julie Steve says:

    I care for 850 score pls

  2. Julie Steve says:

    I care for 850 score pls

  3. Julie Steve says:

    I care for 850 score pls

  4. White Lord says:

    I SAW ALOT OF COMMENTS ABOUT DARKHARK I LATER TRY HIM I WAS REALLY AMAZED CAUSE IDK THERES STILL A TRUSTABLE VENDOR LIKE THIS ON TELEGRAM..

  5. White Lord says:

    I SAW ALOT OF COMMENTS ABOUT DARKHARK I LATER TRY HIM I WAS REALLY AMAZED CAUSE IDK THERES STILL A TRUSTABLE VENDOR LIKE THIS ON TELEGRAM..

  6. King Dee says:

    Thanks for the info my man!

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