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Why is it important for borrowers to know their credit score?

Leikakei113

wrote...

Posts: 701

Rep:

7 years ago

Why is it important for borrowers to know their credit score?

Why is it important for borrowers to know their credit score?

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2 Replies

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Solved A credit rating (score) of ________ would normally allow you to have easy approval for credit.
Solved The higher your credit score, the easier it is to obtain credit.
Solved The First Webster Bank requires borrowers to maintain a balance of 10% of the line of credit in a ...
Solved Savers who do not want to research the credit-worthiness of borrowers take advantage of ________ ...
Solved Credit histories allow firms to:
Solved Asymmetric information in the credit market means that
Solved When borrowers cannot pay, it is easier for credit card companies to recover their losses than for ...
Solved Lenders base applicants eligibility for home loans on the perspective borrowers credit score. Recent ...

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lconard0726

wrote...

#1

7 years ago

When borrowers know their credit score, they can either ask for a better interest rate, in the case of an excellent credit score, or they will understand why a loan was denied, in the case of a poor credit score.

Leikakei113 Author

wrote...

#2

7 years ago

THX *so* much

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