Credit & Credit Scores

Credit and credit scores can be downright confusing. Do you know what your credit score is? Do you know its impact on your life? Read more to find out.



In the United States there are three major credit bureaus: Equifax, TransUnion, and Experian. These bureaus keep track of your credit history.  To learn more about exactly what they track and for how long see this article from To obtain a free credit report, once yearly per agency, go to Annual Credit Report.

Your credit score paints a picture of your financial history and gives banks the data they need to make a determination on the risk of lending to you funds. This will affect the interest rate offered as well as if they would be willing to do business with you. Credit history may also be used to make decisions on initial employment, whether a deposit is required for a utility or monthly recurring service, to name a few examples.

View, Maintain your good credit or Consumer Affairs' - How to build good credit for more information on how to get and keep your credit score healthy.

Thanks to our friends at LendEDU for providing Student Credit Cards Video Courses, a video guide to help students learn about responsible credit card usage