Anabolic Steroids: Uses, Side Effects, And Alternatives


The Complete Guide to Credit Scores & Reports


(Everything you need to know about how lenders see you, why it matters, and how you can take control.)



---




1️⃣ What is a Credit Score?





A single number that represents your creditworthiness.


Ranges from 300–850 (most commonly).


The higher the score → lower risk for lenders.



Credit scores are calculated by major bureaus—Experian, Equifax, and TransUnion—using similar but not identical formulas.





2️⃣ Why Do Lenders Care About Your Credit Score?




Risk Example


Loan Approval Higher score → easier approval for mortgages, car loans, credit cards.


Interest Rates Lower score → higher APR (e.g., 5% vs. 3%).


Credit Limits Lower score may limit how much you can borrow.


Insurance Premiums Some insurers use scores to set rates for auto/home coverage.


A solid credit history signals reliable repayment, which reduces lender risk.



---




3️⃣ Components of Your Credit Score





Payment History (35%) – On-time vs. late payments.


Amounts Owed (30%) – Debt-to-credit ratio; lower is better.


Length of Credit History (15%) – Older accounts help.


New Credit (10%) – Multiple recent inquiries can hurt.


Credit Mix (10%) – Variety of account types.







4️⃣ How to Build/Repair Credit





Pay on time: Set up auto-pay or reminders.


Keep balances low: Aim for