Your credit score number is a reflection of how wisely you've managed your credit over the past seven years. Making your credit card payments on time and not charging the maximum limit on your cards can help raise your credit score.
Significance
Having a good credit score number will allow you to receive lower interest rates on lending products such as car loans and mortgages. Employers may also check your credit report before extending an offer of employment, and future landlords will check your credit score before allowing you to rent an apartment.
Scoring Range
According to the Pueblo Federal Information Center, if your FICO credit score is above 700, lenders would classify you as having a good credit record. If your credit score is under 600, however, lenders would consider you a credit risk.
Considerations
Each of the three credit reporting agencies may have a slightly different credit score on file for you, depending on the accuracy of the information they have on file. You can find out your credit score by paying a fee to Experian, TransUnion or Equifax.
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