Trends & Tips

What’s the Score? How Your Credit Score Can Affect your Financial Life.

Knowing your credit scoreIf you’re thinking about borrowing, it’s important that you know the score, your credit score, that is. A credit score is the measurement, which lenders use in making their decision about whether to lend you money and the terms to offer you. Credit scores are also being used by other businesses, including insurance companies who use them in determining whether to extend policies.

So what exactly do you need to know about your credit score and what can you do to ensure yours works for you? The Federal Trade Commission (FTC) offers more helpful information on how your credit score can affect you.

 

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