Your credit score is a numerical representation of your creditworthiness, which significantly impacts your financial life. At Contoso, we emphasize the importance of understanding your credit score, as it influences your ability to secure loans, credit cards, and even rental agreements. Credit scores typically range from 300 to 850, with higher scores indicating better creditworthiness. Factors that contribute to your credit score include payment history (35%), credit utilization (30%), length of credit history (15%), types of credit used (10%), and recent credit inquiries (10%). Regularly monitoring your credit report can help you identify areas for improvement, such as paying bills on time, reducing credit card balances, and avoiding unnecessary credit inquiries. A strong credit score can lead to better interest rates and loan terms, ultimately saving you money. At Contoso, we offer resources and tools to help you understand and improve your credit score. If you have questions or need assistance, our customer service team is here to help.