Get to know your credit
A credit report records information about your borrowing history. A credit score is a number calculated from information in a report. You can have more than one score.
What you will learn
Understand the core idea, recognize a useful next step, and notice where this lesson needs more context.
History and score are different
Different scoring models can give different results. A score is one piece of information lenders may use; it is not a complete picture of you or your finances.
Build reliable habits
Keep track of payment due dates, understand balances and interest, and review your reports for errors. Paying on time matters, and borrowing more than you can repay can become expensive.
Try this today
Review one bill’s due date and payment terms. If you check a credit report, use an official source and dispute information that is inaccurate.
Keep learning from the source
Read more: CFPB — Credit reports and scores ↗
Rules and individual circumstances vary. Read the source and seek qualified help when a decision needs personal advice.
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