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Credit Scores: What's It About and What Makes a Good Credit Score?
2 pages
Published by
andrewst100
Imagine yourself applying for a car loan, you have the money and you have the right job
to pay the loan back before the due date. However, even if you have the right job and the
money for it, you still haven't been approved for the...
[More]
Imagine yourself applying for a car loan, you have the money and you have the right job
to pay the loan back before the due date. However, even if you have the right job and the
money for it, you still haven't been approved for the loan. This will make you wonder
why.
In the United States, having money and having a high salary isn't everything. You have
to consider one important thing that will have significant impact in your daily life. This
important thing is used by creditors, such as banks and credit card companies to
determine if you will likely pay back what you borrowed from them. This important
thing is called the credit score or your credit rating.
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Tags
bills,
card,
credit,
creditors,
determine,
good,
high,
important,
loan,
loans,
makes,
money,
report,
score,
scores,
thing,
time
