credit score

American  

[kred-it skawr] / ˈkrɛd ɪt ˌskɔr /

noun

Personal Finance.

1. a numerical ranking of an individual’s financial creditworthiness based on spending and credit history, indicating to potential lenders and credit card issuers the individual’s capacity and likelihood to make timely payments of amounts due on loans or credit cards.

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Etymology

Origin of credit score

First recorded in 1975–80

Example Sentences

A credit score is an important metric for building a strong financial life.

From The Wall Street Journal

Your credit score follows you everywhere.

From MarketWatch

And you may not realize that insurers are looking at your credit score, too — and that a low one could nearly double your home-insurance premium.

From MarketWatch

Having a credit score of roughly 630 or lower can add nearly $2,000 a year to the cost of homeowners insurance over what someone with a higher score would pay, according to an August report from the Consumer Federation of America.

From MarketWatch

That’s about $166 in extra monthly costs just for having a low credit score.

From MarketWatch