What is a Credit Score and Why Does it Matter?
February 7th, 2014 by Jennifer Frankel

cs2Knowledge of your credit score has become increasingly prominent as our importance. The most crucial element of this buzz-worthy topic is to understand what is a credit score and how it affects your finances.

What Is A Credit Score

A credit score is a numerical representation of the potential risk of lending money to a consumer. Your credit score is personal – it is based upon credit report information assembled by credit bureaus that take into account your fiscal responsibility in situations including on-time bill payments, credit card payments, and government and private loan repayments. In the United States the three major credit bureaus who assemble these credit scores are Experian, TransUnion, and Equifax all of whom use different metrics to determine the risk you pose to potential lenders. Read the rest of this entry »

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