There are many misconceptions about credit scores out there. There are customers who believe
that they don’t have a credit score and many customers who think that their credit scores just
don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good
interest rates, and even your chances of getting some apartments.
The truth is, of you have a bank account and bills, then you have a credit score, and your credit
score matters more than you might think. Your credit score may be called many things,
including a credit risk rating, a FICO score, a credit rating, a FICO rating, or a credit risk score.
All these terms refer to the same thing: the three-digit number that lets lenders get an idea of how
likely you are to repay your bills.
Every time you apply for credit, apply for a job that requires you to handle money, or even apply
for some more exclusive types of apartment living, your credit score is checked.
