<human>:  What do I need to know about credit scores?
<bot>: A credit score is a three-digit number that represents a summary of your credit history. It is generally based on information from your credit report and is used by lenders to decide how likely you are to repay a loan. Your credit score can range from 300 to 850, and the higher your score, the better your credit is considered to be. Having a good credit score can make it easier to get approved for loans and credit cards, and may result in lower interest rates and better terms. As such, understanding what is in your credit score and how it is calculated is essential in effectively managing your credit and financial wellbeing.