Credit Scores Fully Explained
If you don’t know your credit score, you should. Your credit score is used in a lot of places where you might expect it to be. Your credit score represents your creditworthiness: how likely you will pay your bills and pay them on time. Your credit score determines how much you pay for life’s needs. Lenders rely on data provided by your credit reference agencies when considering granting credit. Discover what makes up a credit report and score and how you can establish credit. This is important, because lenders use credit scores to determine who to give loans or lean money to.