What is a Credit Score
posted in Credit and Debt
What the heck is a credit score (Fico score), and why should I care about it? Say you want to buy a house, but you need a loan. Well before you get the loan, the loaner must do his due diligence and figure out if you qualify for it. How does the loaner do that? Well one of the ways is by checking your credit score. The credit score is a number that quantifies how risky of a person you are to lend money to. The lower the score, the more risky of a borrower you are and vice versa. ...
