Ideas

Wednesday, January 18, 2012

Your Credit Score

WHAT IS A CREDIT SCORE?

A credit score is a number that measures how likely you are is to repay a loan on time.

WHY DOES IT MATTER?

Your credit score matters if you want to rent an apartment, need a loan, purchase a home, or apply for a credit card. And the higher your credit score, the less interest bank will charge you for the loan.
HOW TO GET A GOOD CREDIT SCORE

  • Establishing credit over time.
  • Paying bills on time.
  • Staying out of credit card debt.

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