STEPS TO BUILDING A GOOD CREDIT SCORE:
CREDIT SCORE DEFINED:
A credit score is a number that strongly indicates to lenders and creditors how likely you are to pay back the debt you owe. It is based on your past borrowing behavior, and the higher the score, the more likely that you will pay back the money you borrow.
Your credit score is used to determine whether you can get credit for things like: a credit card, loans to buy a house or car, or to finance your college tuition. It is also used to determine what kind of loan, how much credit you are eligible for, and what your interest rate will be.
The three main reputable credit bureaus are TransUnion, Equifax, and Experian.
Emma B. Lommasson Center
The University of Montana
Missoula, MT 59812