CREDIT REPORT SERVICE

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A credit score is incredibly important when applying for a loan. It has a big say in whether you’ll be approved and how much you’ll be approved for. Find out what a credit score is, how it affects your borrowing power, and how to improve it.

What is a credit score?

credit score, or credit rating, is a number used to assess how trustworthy you are as a borrower.

Lenders use this score as part of their assessment to determine:

  • If you’ll be approved for a loan

  • How much money they’ll lend you

  • If you can afford the loan repayments

  • What interest rate you qualify for.

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