What is a Credit Score?

The video discusses the importance of grades in school and introduces the concept of credit scores for adults. It explains that a credit score is a numerical representation of an individual's creditworthiness, ranging from 300 to 850. Factors affecting credit scores include payment history, total debt, and the length of credit history. A poor credit score can make it difficult to obtain loans, mortgages, or credit cards. The video also provides tips for improving credit scores, such as paying bills on time, reducing balances, limiting credit applications, and monitoring credit reports.

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