Do Credit Scores Really Count?

Join Maria Rekrut and 2 guests on Clubhouse as they discuss why they think a great credit score has helped them and their family to purchase a home.  A credit score is a three-digit number that is used to represent an individual’s credit risk. It is based on various factors such as payment history, current debt, length of credit history, types of credit used, and new credit.  The higher the credit score, the more likely a person is to be approved for loans or credit cards. Credit bureaus are agencies that collect information about individuals’ credit histories. These bureaus use the information to calculate an individual’s credit score.  Why is Building Your Credit Score and Credit Bureau Important? Having a good credit score and credit bureau is important for many reasons. It can help you to secure loans and credit cards, get lower interest rates on those loans and credit cards, and even qualify for better insurance rates.