What is a Credit Score and Why Does it Matter?
What is the Problem?
This one comes from David in Newmarket, and his question is: “What is a credit score?”
A credit score is a third party assessment of your ability to handle liability (li-ability), and is usually required, and obtained, to help staff members assess applications for things like loans, credit cards, mortgages, mobile phone contracts and store finance.
The Outline Solution
The following broad elements of your "profile" are usually taken into account:
- Stability of...