MANAGING PERSONAL FINANCES
Understanding Credit Scores
About this article
A credit score is a number calculated from your credit history that banks and lenders use to decide if providing you with a loan is a good risk. In addition, landlords, merchants, employers and insurance companies may use a person’s credit score in their application or approval process.
What you´ll learn
- How credit scores are determined
- Tips for increasing your credit score
- The role of credit bureaus