Credit Rating is Key to Your Ability to Arrange a Loan
The downgrade of the US credit rating should be a lesson to us all, writes Peter Watson. There is a similarity in how both individuals and countries qualify to borrow money. It is based on the risk of the loan. For example, if you are living within your means and your income is sufficient to […]
Tips on your personal credit rating
Your credit rating is extremely important. Every time you attempt to borrow money the lender will check your credit rating to determine if they should approve the loan. This includes applying for a mortgage, credit card, car financing, or any other debt. Because so many consumers use credit cards for their financial transactions, a large […]