Credit Score

A US credit score is a numerical rating between 300-850 that measures an individual's creditworthiness. The three major credit bureaus (Equifax, Experian, TransUnion) track credit history, and scores are calculated using FICO or VantageScore models. Scores above 740 are considered 'excellent,' while below 580 is 'poor.' New immigrants start with no credit history — building credit from zero typically takes 6-12 months. Strategies include secured credit cards, becoming an authorized user, and credit-builder loans. Credit scores affect mortgage rates, rental applications, insurance premiums, and even employment.