A credit score is a numerical representation of an individual’s creditworthiness, calculated based on information from their credit report. It includes details of their borrowing and repayment activities, credit accounts, and negative information such as late payments.

Credit checkers compile and maintain these reports. The credit score takes into account factors such as payment history, credit utilization, length of credit history, and types of accounts.

It is used by lenders and financial institutions to assess an individual’s risk profile and determine their likelihood of repaying debts on time. A higher score generally indicates a lower risk profile and can result in more favorable loan terms, while a lower score may limit borrowing options or result in higher interest rates.