What do you know about credit score and reporting

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Credit score is a numerical representation of an individual's creditworthiness based on their credit history.

Credit score ranges from 300 to 850, with higher scores indicating better creditworthiness.
Factors that affect credit score include payment history, credit utilization, length of credit history, types of credit used, and new credit accounts.
Credit reporting agencies like Equifax, Experian, and TransUnion collect and maintain credit information to calculate credit scores.
Lenders use credit scores to assess the risk of lending money to individuals.
A good credit score can result in lower interest rates on loans and credit cards.

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