Tag: credit score
When a person borrows a certain amount of money with the commitment to return it in a defined time, they are acquiring a credit obligation (loan or credit). Since some people are more likely to repay what they borrow than others, lenders need to have an objective tool to identify …
The Credit Score is a fundamental indicator that shows us the ease with which we can obtain a financial loan or that the bank offers us a credit or debit card. And for this, a calculation is made to determine the feasibility of fulfilling the corresponding commitments. How the score is composed Although the score ranges …
Learn what your credit score is based on and the various ways you can improve it. Your credit score is one of the most important measures of your creditworthiness. For your FICO Credit Score, this is a three-digit number that generally ranges from 300 to 850 and is based on …
