Are you taking out a loan anytime soon? If you are, make sure you know your credit score. A credit score is a number that represents the creditworthiness of a person. A credit score is based on a person’s credit report. A credit report is a record of how a person manages his finances. A higher credit score means your loan is more likely to be approved and you will pay a lower interest rate on your new credit. You don’t even have to pay for this information because you can get a free credit score online anytime. So what are you waiting for?