What Is A Good Credit Score and How Will You Know Yours?
The credit score is one of the most influential numbers in a consumer’s life. Banks and other financial institutions use this figure to determine a person’s creditworthiness. The credit score comes from calculations that are based partly on a person’s payment history with other creditors. Banks often use consumer credit scores to make their decisions about loan products, credit cards, mortgages and the like. Every consumer over the age the 18 years old has a credit score, and each person will need to have a “good” credit score to obtain fair lending opportunities.