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A credit score is a numerical evaluation of the information on your credit report and is used to predict how risky a borrower you may be. Credit scores are usually between 300 and 850. Having a high credit score indicates that you are likely to be a responsible borrower. Having a low credit score indicates that you are likely to pay late or default on your accounts. Credit scores are used by lenders, credit card issuers and insurers to determine what rates and fees should apply to your account. There are hundreds of slightly different credit scoring models used for various business needs. You credit score can vary depending on where and why it is being checked but should usually be in the same range. Checking your own credit scores online is a great way to monitor your creditworthiness.