<human>:  How do credit scores work?
<bot>: Credit scores are numerical representations of a person's creditworthiness, based on their credit history. They range from 300 to 850, the higher the score, the better the creditworthiness. Credit scores are calculated from a person's credit report, which is a record of their borrowing and repaying activity. The score is based on a variety of factors, including payment history, credit utilization, credit type and length, and new credit applications. A good credit score can help a person to qualify for lower interest rates and better terms when they borrow money.