Lenders often use credit scores in determining interest rates and how much a person will have to borrow. A low credit score can lead to unsecured debt, a higher cost of borrowing, or difficulty qualifying for loans. However, it’s also easy to see how things unrelated to debt (such as skipping out on paying rent) […]
Credit score is a number calculated from the information found on your credit report. A credit score is one of the three major factors in determining if you will be approved for a loan, credit card or other type of credit. A credit score is obtained from your credit report because you have voluntarily made […]
Credit scores are meant to show the risk companies take when extending financing. They do not give you a grade on your character or personality, just how much risk you are taking. It is possible to dramatically improve your credit score in a matter of months with minimal effort and no debt, using these three […]
A variety of different factors make up the diverse components that comprise a person’s credit score, which is why an individual’s experience may vary depending on their personal ability to capitalize on these opportunities or not. Here’s a list of the most important factors that affect your credit score. 1. How much debt you have […]
