Understanding Credit Score – What Does It Mean For You?

Woman understanding credit score

Your credit score is like a report card for adults.


When you’re in school, GPA is the number that governs your life. It reflects your grades, determines the kinds of colleges or post-graduate programs you might be able to apply to, and even helps you secure out-of-college jobs.

Later on, though, GPA starts to matter less, and credit score takes over. It’s the new number everyone cares about, from when you need to take out a loan to buy a car or house or even when you open a new account with the local internet service provider. Unfortunately, credit score can be confusing, and many people still don’t understand what it is exactly or how it can be changed.

Credit score, like GPA, is a grade, but instead of summarizing your performance and history in school, it summarizes your financial history. It’s a tool that helps banks and other entities determine the financial risk you present based on your financial situation and how reliably you’ve paid your bills in the past.

Knowing this, it’s actually quite easy to figure out how to improve credit score. For example, you should:

  • Minimize debt as much as possible (try to never take out loans for anything other than a car or a house)
  • Always pay your bills on time
  • Avoid opening numerous lines of credit

That being said, even if you have low credit, remember that we’ll always work with you to give you the best deal possible on a car at DeLillo Chevrolet! You stick with your salesperson all the way through – no need to haggle with a separate finance department. Learn more about our internet financing options!