Who Uses Credit Scores and Credit Reports

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Transcript

Credit scoring is used by home loans, automobiles, credit cards, checking accounts apartment rentals, insurance, employment. It matters in everything we do financially. credit scores matter. They matter in your private lives they also make a difference in your business life. Don't believe the tried doing anything financial with the score below 600. Good scores can make mortgages, auto loans and credit cards, really your entire financial life available at all, and definitely less costly.

However, many individuals still don't have a clear understanding of the effects of their scores can have or what they need to do to enhance them. According to a new survey by survey by the Consumer Federation of America, a friend of mine who comes from Liberia tells me and I quote, I came to this country thinking money was the most important thing financially. I've come to realize that That is not true. It is your credit score adequate

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