7 Things to Know about Your Credit Score ...

There are several things to know about your credit score, and I’m here to point you in the right direction. Your credit score is a three-digit number that essentially determines whether you can qualify for most credit cards and loans. While banks take other factors into consideration, such as your income and employment record, your credit score plays a pivotal role in the decision. The more things you know about your credit score, the better.

1. No Credit Score Can Be a Bad Thing

There are a few surprising things to know about your credit score. For example, having no credit score can be just as bad as having poor credit - at least from a lender’s standpoint. The sooner you establish credit, the sooner you can build your credit score and qualify for larger purchases, such as a house. Apply for a secured credit card or a retail store card, which are easier to get with no credit history.

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