PersonalFinanceLab: Understanding Your Credit Score

This animated video explains the importance of understanding your credit score and how it affects your ability to borrow money and get good interest rates. What You Will Learn: • What a credit score is and how it's calculated. • How credit scores range from 200 to 850 and what each range means. • The importance of having a good credit score for borrowing money. • How to build good credit by paying bills on time and keeping credit utilization low. • Examples of how credit scores affect interest rates and loan approvals.