A credit score is a combination of all of your credit history represented as a number. Lenders use your credit score to see if your reputation is good enough to receive a loan. Having a good credit score can help you get loans from banks and even help you save on interest rates. It is important to be aware of your credit score before you try to apply for a loan. An average credit score ranges from 740-799. There are two credible websites to check your credit score; Equifax.com and myfico.com. There are a lot of factors that determine your credit score, which include paying on time, the amount of money that you owe, the overall time you’ve had credit, the diversity of credit that you have, and the credit that you are pursuing. Joint credit is when you agree to borrow from a lender with another person. Be careful with joint credit because the other lender could be lying about their credit history. There are many ways to improve your credit score if you’ve had a bed credit history. You need to pay your bills on time, not just credit card bills, you need to keep the balance on each credit card at 30% of your available credit or lower, and you need to check your credit score at least twice a year and correct any errors. Credit scores are incredibly important because, on average, consumers have approximately $19,000 in credit. If you have any errors, you can file a report with one of the major credit outlets to get that error fixed. If you have had a history of bad credit, you can write a 100-word statement explaining why you’ve made a mistake and why it impacted your credit score. Our group thinks credit score is very important, especially for us young college students. All of us college students will be graduating soon and getting a career so it is important for us to get a good credit score because we will be getting mortgages on homes and getting loans for cars. For college students, it is imperative that we establish a good credit score right upon graduation and we maintain that throughout our adulthood.