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

“They are meeting a minimum credit score to qualify. Their income has got to fly, just like any other borrower. We’re just getting them money to help them get in.”

From MarketWatch

If you still choose to cancel the Autograph card, you can avoid taking a hit to your credit score by asking for an increase to your credit limit on one or more of your other cards, Schulz said.

From MarketWatch

“Canceling a credit card can damage your credit score, but there are concrete steps that you can take to minimize the damage,” Schulz said.

From MarketWatch

Dollar Signs: I don’t want to pay the new $895 American Express Platinum fee — but will canceling the card hurt my credit score?

From MarketWatch

Don’t let a temporary hit to your credit score stop you from enjoying this moment.

From MarketWatch