credit report is one of the most important financial documents. This
article explains how to get a copy of this vital document.
credit score is a number generated by a mathematical algorithm -- a formula -- based on information in your credit report, compared to information on tens of millions of other people. The resulting number is a highly accurate prediction of how likely you are to pay your bills.
credit score to decide if your credit profile is good enough to meet their requirements to issue finance. They process information collected from your credit report and application made by you to obtain credit. Specially designed statistical programs are used to compare profiles of like consumers to your profile. You are awarded points for every factor that counts in your favor. Finally, a report showing your credit score is generated. A good credit score will qualify you to obtain finance. The report showing your credit score will also be used to predict about possibility that you will repay the loan.