Credit Score – What is it? What does it do? How does it affect me?
Particularly, credit scores can critically impact your financial situation if not maintained properly.
For example, qualifying for loans very much depends on your credit scores and having a low credit score automatically renders it more difficult for you to qualify for higher tiered loans such as home mortgages or business loans.
TL;DR: All Credit Score Ratings you should know Scores Risk Grade Default Rates 1911 - 2000 AA 0% - 0.27% 1844 - 1910 BB 0.27% - 0.67% 1825 - 1843 CC 0.67% - 0.88% 1813 - 1824 DD 0.88% - 1.03% 1782 - 1812 EE 1.03% - 1.58% 1755 - 1781 FF 1.58% - 2.28% 1724 - 1754 GG 2.28% - 3.46% 1000...