It can be very difficult to get approved with a bad credit score whether youre applying for a home loan, personal loan, car loan, business loan or any other type of loan. Therefore, its super vital that you get the credit history into very good condition before you apply.
A quick rundown on what a credit score actually is before we dive into what makes a credit score good or bad, first heres.
Credit ratings in a nutshell:
Simply put, your credit Вscore or Вrating is a number between 0 and 1,000 (or 1,200 with regards to the credit rating agency) thats on the basis of the different individual and financial information discovered in your credit history such as for example at all whether you pay your bills on time, how often you pay them or if youve paid them. Continue reading