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:
“Gratitude among friends is like credit among tradesmen: it keeps business up, and maintains commerce. And we pay not because it is just to discharge our debts, but that we might the more easily find lenders on another occasion.”
—François, Duc De La Rochefoucauld (1613–1680)
“How many miles to Babylon?
Three score and ten.
Can I get there by candlelight?
Yes, and back again.”
—Mother Goose (fl. 17th–18th century. How many miles to Babylon? (l. 1–4)