---
title: "Credit score: definition | Desert Rock Capital"
url: "https://www.desertrockcapital.com/glossary/credit-score"
description: "A credit score is a number that summarizes a person's credit history and estimates how likely they are to repay borrowed money."
---

Credit & approval

# Credit score
All lending terms
Definition

A credit score is a number that summarizes a person's credit history and estimates how likely they are to repay borrowed money. It is calculated from their borrowing and payment record.

A credit score is a numerical rating, commonly ranging from about 300 to 850 in widely used models such as FICO and VantageScore, that condenses a credit report into a single figure. It is generally calculated from factors such as payment history, amounts owed, length of credit history, new credit, and the mix of credit types. Lenders use the score to help decide whether to extend credit and on what terms, and a thin file or limited history can make a score unavailable. A credit score reflects past credit behavior and is one input among several, such as income and ability to repay, that a lender may consider.

Source: [Consumer Financial Protection Bureau](https://www.consumerfinance.gov/ask-cfpb/what-is-a-credit-score-en-315/). This definition is general educational information, not legal or financial advice.
Related

- [No credit check loans](/services/no-credit-check-loans)
- [Signature loans](/services/signature-loans)
- [About Desert Rock Capital](/about)
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Credit & approval
Credit check
Hard vs soft credit inquiry
Underwriting
Ability to repay
Cosigner
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## Terms in writing, before you sign.

Desert Rock Capital is a licensed Utah lender with no credit check and no collateral. Apply online or visit a branch in Salt Lake City, Orem, or St. George, and get a straightforward decision, usually in about 30 minutes.
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