Credit Score

A scoring system base on information in your credit
report is used to create your credit score. Lenders
use your score to determine whether or not to grant
you credit, and if so, how much and at what interest
rate. Thus, a good credit score is important in order
to obtain credit and to qualify for the best possible
terms. Timeliness of past payments and the amount
of credit outstanding are the two most important
factors in determining your credit score.