<commit_before>---
layout: post
published: true
title: Credit Score 101
---
This blog is part of the blog series _"How to start your personal finances from 0"_ 

1- The basics
- [Checking accounts 101](http://supermonedero.com/2017-01-26-2017-01-26-checking-account-101/)
- _[Credit score 101](http://supermonedero.com/2017-01-26-credit-score-101/)_
- [Credit cards 101](http://supermonedero.com/2017-01-26-credit-cards-101/)

3- [Select your bank](http://supermonedero.com/2017-02-03-best-banks-for-latinos/)

4- [Select your first credit card](http://supermonedero.com/2017-02-03-best-credit-cards-for-latinos/)

5- [Start building your credit](http://supermonedero.com/2017-03-29-how-to-build-credit/)

If you want to learn more about our learning paths, go [here](http://supermonedero.com/2017-04-07-start-here/).


## Credit Score 101



When you want to purchase a home of your own, you will typically require credit. Similarly, if you want to purchase your own vehicle, you will require credit. From funding your house remodeling project to paying for your kids’ education, you will usually require credit. To obtain the credit you need at favorable terms, you will need to have a good credit score. In many ways, this three-digit number is the basis on which lenders will examine all your requests for additional credit.

### What is a Credit Score?

For the uninitiated, a credit score is a three-digit number. It denotes the creditworthiness of a person. In particular, it gives lenders an idea about the likelihood that the person will be able to repay any debts taken in a timely manner. So, whether you want to take out a mortgage or obtain a new credit card, lenders will check your credit score and verify your credit history before giving you a line of credit.

Credit scores typically range from 300 to 850. The higher your score, the better your chances of getting credit at terms that favor you. Within the range of 300 to 850, several categories of credit scores exist. These categories usually comprise:
<commit_msg>Fixing list count<commit_after>---
layout: post
published: true
title: Credit Score 101
---
This blog is part of the blog series _"How to start your personal finances from 0"_ 

1- The basics
- [Checking accounts 101](http://supermonedero.com/2017-01-26-2017-01-26-checking-account-101/)
- _[Credit score 101](http://supermonedero.com/2017-01-26-credit-score-101/)_
- [Credit cards 101](http://supermonedero.com/2017-01-26-credit-cards-101/)

2- [Select your bank](http://supermonedero.com/2017-02-03-best-banks-for-latinos/)

3- [Select your first credit card](http://supermonedero.com/2017-02-03-best-credit-cards-for-latinos/)

4- [Start building your credit](http://supermonedero.com/2017-03-29-how-to-build-credit/)

If you want to learn more about our learning paths, go [here](http://supermonedero.com/2017-04-07-start-here/).


## Credit Score 101



When you want to purchase a home of your own, you will typically require credit. Similarly, if you want to purchase your own vehicle, you will require credit. From funding your house remodeling project to paying for your kids’ education, you will usually require credit. To obtain the credit you need at favorable terms, you will need to have a good credit score. In many ways, this three-digit number is the basis on which lenders will examine all your requests for additional credit.

### What is a Credit Score?

For the uninitiated, a credit score is a three-digit number. It denotes the creditworthiness of a person. In particular, it gives lenders an idea about the likelihood that the person will be able to repay any debts taken in a timely manner. So, whether you want to take out a mortgage or obtain a new credit card, lenders will check your credit score and verify your credit history before giving you a line of credit.

Credit scores typically range from 300 to 850. The higher your score, the better your chances of getting credit at terms that favor you. Within the range of 300 to 850, several categories of credit scores exist. These categories usually comprise:

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