What is a credit score?

by | Feb 8, 2019 |

What is a credit score?

A credit score is the number that expresses your credit history. It represents your ability to pay off your debt by factoring together please see “What is included in a credit report.” The higher the score is, the lower the risk for an institution to lend money to you.
FICO (Fair Isaac Corporation, commonly used by Experian) is the most-used score by lenders, while some lenders use BEACON (Equifax) and EMPIRICA (TransUnion) for credit scores.
Unlike many other lenders, MPOWER does not use your credit score when considering your loan application.

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