The 5 Biggest Factors That Affect Your Credit
A credit score is a number that lenders use to determine the risk of loaning money to a given borrower.
Credit card companies, auto dealers, and mortgage bankers are three types of lenders that will check your credit score before deciding how much they are willing to loan you and at what interest rate. Insurance companies and landlords may also look at your credit score to see how financially responsible you are before issuing an insurance policy or renting out an apartment.
Original Article Source Credits: Investopedia, https://www.investopedia.com/
Article Written By: AMY FONTINELLE
Original Article Posted on : Dec 19, 2020
Link to Original Article: https://www.investopedia.com/articles/pf/10/credit-score-factors.asp