What your credit score actually means

Its not just you. Credit scores are confusing as hell.

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When credit scores were invented just a few decades ago, they were hailed as a way to democratize lending. Today, theyve become so essential that not having one can essentially lock you out of daily life. Having a low score can make life challenging, too.

These scores have a long history and a lot of problems. In this video, well show you where they came from, how theyve changed over the years, and actually explain what that three-digit number means for you.

Sources and further reading:
Check out Frederick Wherrys book, Credit Where Its Due: Rethinking Financial Citizenship, which he co-authored with Kristin S. Seefeldt
Anthony S. Alvarez: https://www.russellsage.org/publications/credit-where-its-due

Heres Josh Lauers book on consumer credit bureaus: https://cup.columbia.edu/book/creditworthy/9780231168083

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