Contributors to Credit Score: The Basics (Part 2)
We continue here with the second part of Contributors to Credit Score- check out Part 1 here. We dealt with the two biggest contributors, namely, payment history and amounts owed…
Contributors to Credit Score: The Basics (Part 1)
We are continuing our series on All About Credit. Check out the earlier posts on Credit Report: The Basics and the Credit Scores: the Basics, if you haven’t already. Today…
Credit Scores: The Basics
Your Credit Score is a numerical assessment of your credit worthiness. Put simply, a number that denotes what kind of risk you present as a borrower to a lender. It is based on information in your Credit Reports- reached at by a mathematical algorithm by the agency providing the score.