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Knowing your credit score is the first step toward building financial confidence. It is a three-digit number, typically ranging from , that acts as a financial "grade" for your creditworthiness. Why Your Score Matters

: A higher score often leads to lower interest rates, reducing the overall cost of borrowing.

According to Banner Bank and Genisys Credit Union , five key components typically make up your score: 5 things that make up your credit score - Banner Bank