Why you need to know credit score

If a person will apply for a loan or a credit card account in the United States, the financial institutions will look at the person’s credit score. The credit score is simply a numerical expression that is based on the statistical analysis of a person’s credit files that will represent the creditworthiness of the person. The score is primarily based on the credit report information as provided by the credit bureaus. The person’s creditworthiness is the likelihood that the person will pay their bills. The score is primarily based on the credit information report that can be provided by three major credit bureaus which include Experian, TransUnion and Equifax.
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Original Source: networthmasters.com

  27 November, 2008| Fundamental Analysis | @ 6:08

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