What is a “Credit Score”?

: What is a “Credit Score”?
Can you tell me what a “Credit Score” is? Why is it important and what’s the significance of it? I’m 17 and I want to be financially fit in my future

Answers and Views:

Answer by Mom
It is a formula used by the three reporting agencies that signifies your history of bill paying
The higher the score, 750 and up shows you to be responsible and living within your means
Low scores show that you are careless, spend money you don’t have and not dependable to keep your word
Potential Employers, lenders and landlords check your credit history to ensure you are the kind of person they want to do business with.
You cannot start building credit till older and employed full time.
Paying rent and utility bills does NOT build credit but fail to make payments and the negatives are reported.