Q: What is a Credit Score? A: A credit score assigns a numerical value to the various items of information we consider in evaluating a credit report. These numerical values are based upon the analysis of repayment histories of large numbers of consumers. Various factors are used to determine the borrower’s credit score number, including, but not limited to, length of credit history, derogatory credit history, proportion of available and current credit balances, number of open accounts, number of recent inquiries, and number of recently opened accounts. There are several types of credit scores available and a borrower’s score may vary depending on the type of score a lender requests. Generic credit scores were created for general use in making lending decisions and are based on credit data only.