@angel.koch Credit scoring in the US is used to determine an individual’s creditworthiness. Credit scores, also known as FICO scores, are calculated by looking at a variety of factors including payment history, total debt, credit utilization ratio, length of credit history, types of credit used, number of inquiries, and more. Your credit score is a three-digit number between 300 and 850. The higher your score, the more likely you are to qualify for credit or a loan. The lower your score, the more likely you are to be denied credit or a loan.