Credit Score (United States)
A credit score in the United States is a number representing the creditworthiness of a person, the likelihood that person will pay his or her debts.
Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers. Widespread use of credit scores has made credit more widely available and cheaper for consumers.
Read more about Credit Score (United States): Free Annual Credit Report, Non-traditional Uses of Credit Scores, Criticism
Famous quotes containing the words credit and/or score:
“Money is a poor man’s credit card.”
—Marshall McLuhan (1911–1980)
“Whereas, before, our forefathers had no other books but the score and the tally, thou hast caused printing to be used, and, contrary to the King, his crown, and dignity, thou hast built a paper-mill.”
—William Shakespeare (1564–1616)