A Credit Score is a numerical representation of an individual's creditworthiness, typically ranging from 300 to 850. It is calculated based on various factors, including payment history, credit utilization, length of credit history, types of credit used, and recent credit inquiries. A higher score indicates better creditworthiness, making it easier to secure loans and favorable interest rates. Lenders, such as banks and credit card companies, use credit scores to assess the risk of lending money to consumers. Maintaining a good credit score is essential for financial health, as it can impact everything from mortgage approvals to insurance premiums.