What is a Credit Score?
A credit score is a numerical representation of a consumer’s creditworthiness — that is, their likelihood to meet financial obligations based on past behavior. Metro-Score is one such credit score, developed using advanced mathematical models built on credit behavior data submitted to the credit bureau.
Your credit score is calculated using data from your credit report, including:
- Payment history
- Amounts owed
- Length of credit history
- Types of credit in use
- New credit inquiries
- Traceability indicators
The model compares a borrower’s credit characteristics with patterns observed in individuals who have demonstrated strong repayment behavior. The more your profile aligns with that of historically reliable borrowers, the higher your score.
Individual Metro-Score (Credit Score) ranges from 200 to 900, with scores below 400 typically indicating a customer in default. For businesses and companies, Metro-Score ranges from 20 to 90, with scores below 40 typically indicating a business in default or default history. The score provides a consistent, data-driven way to assess an individual’s credit risk.
Why is Your Credit Score Important?
Your credit score plays a critical role in your financial life. Lenders may use it to assess your financial responsibility. A strong credit score can help you:
- Qualify for loans and credit cards
- Access lower interest rates
- Get approved for higher credit limits
On the other hand, a low score may limit your financial opportunities or result in higher costs.
Why Should You Check Your Credit Score Regularly?
Monitoring your credit score is an essential part of managing your financial health. Here’s why:
- Detect Identity Theft Early: Regular checks can help you spot unauthorized accounts or suspicious activity early, allowing you to take quick action before serious damage is done.
- Stay Informed About Your Financial Standing: Knowing your score gives you insight into how lenders view you and helps you plan ahead — whether you’re preparing to buy a car, apply for a mortgage, or improve your financial habits.
- Track Your Progress: If you’re working on improving your credit, checking your score regularly helps you measure your success and adjust your strategy as needed.
- Avoid Surprises: No one wants to be blindsided by a loan denial. By checking your score frequently, you’ll always know where you stand and can take steps to address any issues before they affect you.
Get your Credit Score Now
- Individual
- Business