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Fair Credit - College Term Papers

Fair Credit

Fair credit
Robin Kirkland
COM/172
February 01, 2011
Professor Annotti

Credit scores in today’s society are a well-determined way to find the right person when lending money. A person’s credit score shows everything that person has purchased by making payments through a bank. Developing a good credit score can make life easier when making payments on something purchased. Without a good score, loans could be higher with interest rates and even denied the loan in the first place. With good credit, a healthier and wealthier lifestyle can be achievable. Knowing as much as a person can about credit is the key to having a good score. Maybe people think that credit score are not ...

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upon with a good credit score versus a bad credit score. Curry (2003) stated:
A 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. (p. 2)
Using this formula has changed the way banks do business all over the world. Knowing how credit scores work can save you so much time and hassle. Always pay attention budgets made, and never over spend. That is how good credit is made, because when the bill comes at the end of the month a person has made the budget that fits what was bought and then there is nothing to worry about.
A person with a good credit score can live a better life and live healthier. A person can have a nicer home and even a nicer car with good credit. Working hard for good credit is an important and a fair way for banks to lend ...

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PAPER DETAILS

Added: 3/16/2011 03:44:05 PM
Submitted By: kareemc1
Category: Economics
Type: Premium Paper
Words: 1086
Pages: 4

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