Your credit score is a snapshot of your credit use at a particular point in time and can be one of your most valuable assets. Your credit score is derived from detailed information about your credit history and plays an important role in your financial future.

The number predicts how likely you are to pay bills and make payments on time. It can mean the difference between being able to purchase a home with a mortgage or having to continue renting.

Having a good credit score can make your financial dealings easier and save you money in lower interest rates for credit cards, auto loans, home loans and other kinds of credit. In addition to lenders, landlords, utility companies, and potential employers may also take your credit score into account.