What is a Credit Score – Why is it Important + How it is Calculated?

What is a Credit Score – Why is it Important + How it is Calculated?

Credit scores are an important factor in a person’s financial life. Not everyone is taught what a credit score is. In short, they are used by banks and other financial institutions to determine a person’s creditworthiness, which can affect their ability to borrow money and a multitude of other factors. A good credit score can…