The world is yours if you have good credit. Having a good credit score makes it easy to finance a car and purchase a home. People with good credit are viewed as being more trustworthy, dependable, and responsible.

What is a credit score? This may sound like a straightforward question but many of us really don’t fully understand credit scores. Sure, a credit score is a number used to signify our ability to repay debts but, do you know how a credit score is measured? Do you know how a FICO score is determined?