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Should I Know my Credit Score
March 12, 2014 4:45 PM   Subscribe

Amongst many questions being asked in my practice, this is the most frequent one, and the unequivocal response is always The credit score is a tool for the lender to objectively establish a measurement for your credit worthiness. The idea is that based on consumers’ past track record of paying back loans and mortgages, it will determine, how likely they are to pay back yet another new loan or mortgage. If someone's credit history shows financial judgments, filed bankruptcies, outstanding payment amounts, and regular late payments, the credit score will be miserable, and a lender will be less likely to extend credit to the applicant.
posted by gerberfranz (0 comments total)

This post was deleted for the following reason: self link, banned -- jessamyn



 

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