BOA – What is a credit score and how is it calculated? UNI

What is a credit score and how is it calculated?

Your credit score affects many areas of your financial life, from getting approved for a credit card to the interest rate you’ll pay on your mortgage. It’s important to understand the number and how it is calculated so you can set yourself up for financial success.

Read this short lesson, then return here to answer a quiz question to continue!

About Kevin Smith

Kevin is the content manager for Personal Finance Lab and is from Chicago, Illinois. He has a Master's Degree in Economics from Concordia University in Montreal, Canada. In addition to an economics background, he has also built training manuals to prepare finance companies for licensing requirements in mortgage loan origination and insurance sales.