Credit scores are like permanent records at school: they’re a summary of how well you pay your bills, how likely you are to pay loans back, and how much credit you can receive, and they follow you around wherever you go. Good stuff, like getting a higher credit limit from a credit card and paying your bills on time, raises your credit score. Bad stuff, like late bill payments and reductions in your credit limit lower it.

1. Your credit score
and why it matters
© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com

2. Your credit score
and why it matters
Credit scores are like permanent records at school:
they’re a summary of how well you pay your bills,
how likely you are to pay loans back, and how much
credit you can receive, and they follow you around
wherever you go.
Good stuff, like getting a higher credit limit from a
credit card and paying your bills on time, raises
your credit score. Bad stuff, like late bill payments
and reductions in your credit limit lower it.
© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com

3. Your credit score
and why it matters
The most common model used to calculate your
credit score is called FICO, named after the
company who created it.
While some lenders use these other ways of
calculating your score, your FICO number is still
the most widely used and the most important.
© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com

4. Your credit score
and why it matters
© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com

5. Your credit score
and why it matters
© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com

6. Your credit score
and why it matters
© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com

7. Your credit score
and why it matters
© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com

8. Your credit score
and why it matters
© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com

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© 2011 Kiboo LLC. All Rights Reserved. www.kiboo.com