How Is A Credit Score Calculated?

Many people are unaware of what their credit score actually is and many more have no clue as to how it is calculated. The score itself is used by financial institutions, retailers, employers, landlords, and more to determine whether or not someone may be a credit risk. Having a poor credit score can have a big impact on one’s financial future. If a score is not up to par, knowing how it is calculated can help someone to improve upon it.