Credit Score

[hardikvagadiya@gmail.com]

What is the explanation of credit score rankings and is the lender only influenced by the score?

[loanmod]

I think your credit card score is also a proof to the bank that you are able to pay the loan.Because your score tells about the payment that you have previously paid.

[hardikvagadiya@gmail.com]

OK, I see.....

[Eugine]

A credit score is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information, typically sourced from credit bureaus.

[hardikvagadiya@gmail.com]

oh nice post, but what do you mean by credit score is numeric expression ? Can you please explain what is that ?

Thanks.

[ryangwright1]

Why go to a bank when there are hard money lenders available to fund your property.

[Silliman]

Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits.