Credit score is a value assigned to the borrower depending up on various historical payment returns and current credit worth limit. The credit score is hence a value which is obtained up on calculating the statistical summary of a consumer credit report on various factors of Payment history, debt, Credit history length and the type and number of credit account existing. This is a value range between 300 and 900. The higher the credit score the consumer is offered with best price for the product or any other loan issued (for example in obtaining a mortgage).