Posted on Thursday, June 19, 2014 at 11:57 am CDT
Credit scores are the way in which credit companies judge an individual’s worth and trustworthiness. It in large part defines what credit limit individuals can get on credit cards, how big their mortgage can be, and most importantly, how aggressive the interest rate is on any agreed lending. Having a good credit score is essential for most mature adults, but understanding their credit score in context is something surprisingly few people are able to do. Credit Score Ranger has produced a new guide that helps contextualize credit scores so individuals understand where they are, and where they’re going in credit world.
Source: Credit Score Ranger