Workshop Three
Lesson 3: Credit Scores — How They Work
🎥 Watch the lesson video below. The quiz will unlock once 95% of the video has been watched.
📘 Read What You’ll Learn Before Watching The Lesson
Your credit score is a three-digit number that represents your financial trustworthiness. It’s built using information from your credit report, and ranges from 300 to 850. The higher your score, the more likely lenders are to trust you with loans, credit cards, and favorable interest rates.
Credit scores are calculated using five main factors: payment history, credit utilization, length of credit history, new credit, and credit mix. Understanding how each factor impacts your score empowers you to make smarter financial choices and build lasting credit strength.
- Learn what makes up your credit score.
- Understand what lenders look for and why.
- Discover habits that raise or lower your score.
🔒 The quiz will unlock once 95% of the video has been watched.