How do credit scores work?

How do credit scores work? A guide for teens

Did you know that 71% of teens are worried about their credit scores? Whether you’re just starting out on your financial journey or have already mastered the basics, understanding what a credit score is and how to build it is incredibly important.

The house or apartment you live in, your family car and even your cell phone are impacted by your credit score. Banks, landlords and car dealerships often look at this score to help determine whether they’d like to do business with you. Needless to say, having a good credit score can open a lot of doors as an adult and save you money.

So, if you find yourself wondering what a credit score is and wanting to learn more — like how to build one — then you’ve come to the right place! Let’s walk through everything you need to know.

  • Step is a financial technology company not a bank Banking services provided by Evolve Bank Trust Member FDIC The Step Visa Card is issued by Evolve Bank Trust pursuant to a license from Visa USA Inc Visa is a registered trademark of Visa International Service Association

©️ 2022 Step Mobile, Inc. All rights reserved.