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A credit score is a number assigned to you to represent your creditworthiness. Lenders use it to determine how likely you are to make on-time payments on your loans.

Different credit scoring models calculate credit scores based on a variety of factors. Mint utilizes the VantageScore model, which measures credit on a scale ranging from 300 to 850. Your VantageScore is determined by six factors:

– Payment history

– Age and types of credit

– Credit utilization

– Total balances and debt

– Recent credit inquiries

– Available credit

While there’s no single way to define a good credit score or bad credit score, VantageScore does provide guidance on grading score on a scale of A to F:

– Grade A: 781 – 850

– Grade B: 720 – 780

– Grade C: 658 – 719

– Grade D: 601 – 657

– Grade F: 300 – 600