A credit score is best described as a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual.

Put another way, it is a snapshot of your credit risk at a particular point in time. Credit scores are calculated using information from your credit report, including your payment history, the amount of debt you owe, and the length of your credit history.

Here are some additional details:

• Purpose: Used by lenders, landlords, and others to assess the risk of lending money or offering services to you.
• Range: Typically ranges from 300 to 850, with higher scores indicating better creditworthiness.
• Factors: Influenced by payment history, amounts owed, length of credit history, new credit, and credit mix.