What is a 'credit score'?
Correct Answer: A 'credit score' is a measure of a person's creditworthiness.
- Step 1: Understand that a credit score is a number.
- Step 2: Know that this number shows how likely a person is to pay back borrowed money.
- Step 3: Realize that a higher score means better creditworthiness.
- Step 4: Learn that credit scores are used by lenders to decide if they will give you a loan or credit.
No concepts available.
