Credit Score
A numerical representation of an individual’s creditworthiness, often calculated by a credit bureau through a statistical analysis of the individual’s credit information on file. It is provided as part of a credit report upon request by interested parties.
A credit score helps to assess a person’s ability to pay bills. People who use credit responsibly and make their payments on time generally receive high credit scores and are known as prime customers in the credit market. These high scores serve as a positive signal to lenders, making it easier for them to extend credit to such individuals (Encyclopaedia Britannica).
Encyclopaedia Britannica. Peter Bondarenko, Retrieved from: https://www.britannica.com/money/credit-score