You probably hear all the time about how important a good Credit score is. You’ve likely also heard that a good credit score is essential to getting a mortgage, or a good deal on a personal loan for a car.
But what exactly is your credit score, anyway? And what even constitutes a “good” credit score range? How is this calculated, and why is it so important?
And if you happen to have a fair or not-so-great credit score, are you just out of luck, or are there steps you can take to change your situation?
If the entire credit score thing seems murky and confusing to you, fear no more. We talked to finance and credit card experts to get their insight into why lenders care so much about credit, and what you can do to get a good credit score or fix a bad one. So if you have questions, we have answers. Read on!