What's a credit score?

Modified on Thu, 6 Feb at 10:12 PM

Q: What is the credit score range at Spot?

A: At Spot, our credit score rating ranges between 300 and 750.


Q: What is the purpose of a credit score?

A: A credit score is designed to represent your credit risk or the likelihood of you paying your bills or loans on time. A high credit score indicates to lenders that you are less likely to default on your payments, making you eligible for low-interest rate loans.


Q: How does a high credit score benefit me?

A: A high credit score increases the likelihood of being offered low-interest rate loans. Lower interest rates mean less money paid back, ultimately resulting in more savings for you.


Q: How can I check my credit score with Spot?

A: To check your credit score, simply download the Spot app and provide us with the necessary information during registration. We will present you with your credit score through the app.


If you get stuck, you can chat with our Support Team by tapping the "Help" button in-app or on the website.


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