Freddie Mac's CreditSmart Corriculum is a complementary curriculum to help consumers understand, build and maintain better credit.

A credit score is a number that helps creditors decide whether to grant credit. It's in your best interest to understand where your credit score comes from. You can improve your score if you improve your credit management.

In this section you'll learn about the factors that influence credit scores, and how credit scores are calculated. An example is given for calculating a credit score. You'll also learn how to maintain and improve your credit score.

When you manage your credit responsibly, your credit score goes up over time. A strong credit history will give you a strong credit score.

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Credit risk: The credit industry term meaning the level of risk or likelihood of future default by an individual borrower.

Credit score: A computer-generated number, based on a statistical model, that summarizes an individual's credit record and predicts the likelihood that a borrower will repay future obligations.

Predictive variables: The items that are part of the formula or factors comprising elements of a credit scoring model. These variables are used to predict a borrower's future credit performance.

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