What is a credit rating and why do I need it?
Credit ratings are nothing more than an attempt to estimate your ability and willingness to repay a loan or debt, based on your credit history. A higher credit score means lower risk. That means you can get money cheaper. When preparing to get a home loan you can easily save thousands of dollars by applying simple techniques we will show you. A credit history is a record indicating your trustworthiness and ability to repay a loan. Your loan activities are reported by your creditors to the credit bureaus, who then report your repayment history as delinquent (negative ), regular (positive), or neutral (non-rated). No credit bureau is allowed to evaluate your ability to repay a loan; creditors do have the privilege to rate you privately, but they are prevented from publishing their evaluations. You must know how to read, repair, improve your credit history – we make it EZ!
