clock menu more-arrow no yes mobile

Filed under:

What your credit score actually means

It’s not just you. Credit scores are confusing as hell.

Liz Scheltens is a senior editorial producer for the Vox video team.

When credit scores were invented just a few decades ago, they were hailed as a way to democratize lending. Today, they’ve become so essential that not having one can 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, we’ll show you where they came from, how they’ve changed over the years, and explain what that three-digit number means for you.

This video is presented by Secret. Secret doesn’t have a say in our editorial decisions, but they make videos like this possible.

You can find the video above and the entire library of Vox’s videos on YouTube.

Sign up for the newsletter Today, Explained

Understand the world with a daily explainer plus the most compelling stories of the day.