Do you know your credit score? If you don't, you are not alone: Roughly 54% of Americans never check their score, according to 2020 research by Javelin that was sponsored by TransUnion.
The world of credit scores can be confusing and fraught with misinformation. Sometimes, what you assume will be good for your credit can actually lower your score – and vice versa. It might feel better to ignore your score completely.
However, taking the time to understand how credit scores work is crucial if you want a strong score. The good news is that a strong score can save you serious money over time.