All credit information agencies assign credit scores to borrowers. The credit score is a three-digit number between 300 and 900 that indicates a borrower’s repayment capacity and creditworthiness. All lenders check a loan applicant’s credit score before deciding on their loan application. Doing so allows lenders to gauge the risk involved in lending money as well as the chances of loan default by the borrower.  … Continue reading Achieving a Good Credit Score: The Key to Financial Success