Decoding the mysteries of consumer credit scores

Consumer credit scores range between 300–850 and represent a consumer's credit risk or the likelihood you will pay your bills on time. The higher the score, the better a borrower looks to potential creditors and lenders. Your score is based on a number of criteria including, number of open accounts, total levels of debt, repayment history, and other factors. Potential creditors use your credit score to evaluate the probability that you will pay your bills on time.