1. Balancing Credit and Debt to Maintain Credit Worthiness

2.  A numerical expression of a person’s credit- worthiness  Based on a formulaic calculation by different rating agencies  Rating agencies ◦ Experian ◦ Equifax ◦ Transunion  May contact these agencies when there is a discrepancy between reported score and actual financial activity

3. Average score is “Fair” for American – primarily a result of the typical negative savings rate for most Americans.

4. Influences on Individual Credit Score

5. Many people have what is considered to be “good” credit