What is credit score?
Credit score is a value of a person's credit files statistic analysis, to define their creditworthiness. Credit scores are based on a credit report provided by credit bureaus.
Why we need a credit score?
Banks and credit card companies will refer to credit scores before taking any risks to provide credit facilities such as credit card or morgage loans. This is to avoid losses due to bad credit debt of the person.
Let say my credit score is below average. That sounds like probably I need to get a consolidation debt for credit repair.
It seems so easy to get free credit scores, as we can check it online for free with no hassle. A company like CreditReport.com will defenitely providing the best secure onine service as they have become a leader in the industry.
No comments:
Post a Comment