Sunday, May 08, 2005
by: Gary Gresham
Understanding credit report scores is important when you see your credit report because you need to be able to make some sense of it. Your credit score is used by anyone loaning you money such as credit card companies, home loan lenders, auto loan lenders and finance companies.They all use your credit score to determine your credit risk.The interest the lender charges you is based on your credit risk.So you can see how understanding credit report scores is information that can save or cost you money.
You need to find out what your credit score is before you talk to any lender in case there is something on your report that you may question.You