If you’ve made it this far and are confused by the terms “credit” and “credit score,” don’t worry, you’re not alone. Basically, credit is an agreement to borrow money and make purchases but pay back the entire amount within a certain timeframe. A credit score basically tracks and “scores” you based on how well you’re able to do that, and helps lenders assess your level of risk as a borrower. In the US, a strong credit score is crucial for opening a new credit card, buying a home, etc.