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What is a 'credit score'?
What is a 'credit score'?
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Practice Questions
1 question
Q1
What is a 'credit score'?
A measure of a person's creditworthiness
The amount of money in a bank account
The interest rate on loans
A type of bank account
Show Solution
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A 'credit score' is a measure of a person's creditworthiness.
Questions & Step-by-step Solutions
1 item
Q
Q: What is a 'credit score'?
Solution:
A 'credit score' is a measure of a person's creditworthiness.
Steps: 4
Show Steps
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.
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