A three-digit number that represents how likely a person is to pay back a loan based on their paymentThe transfer of value from one end party to another. More history. A higher score is better. A credit scoreA three-digit number that represents how likely a person is to pay back a loan based on their payment history. A higher score is better. More is a numerical representation of an individual’s creditworthiness. This is based on their credit history and financial behaviour. A credit score is used to assess the risk to a lenderA lender is an organisation, individual, or institution that makes funds available to borrowers with the expectation of the funds being repaid, typically with interest or fees incurred. Lenders could... More when deciding whether to lend to a borrowerA borrower can be an individual, business, or entity that receives funds from a lender under the agreement to repay the borrowed amount, usually with interest, within a specified timeframe. More.