High or Low: Keeping Track with National Average Credit Score
Credit is said to be a system of buying and selling without immediate payment or security. Credit may be in the form of credit cards or loans.
Any individual who desires to process a credit card or loan application will have to abide by the rules and regulations set forth by the lender. An important factor for any credit application to be approved is your credit score.
A credit score is the determinant factor of lending institutions whether or not you will be granted credit. Your existing credit status as well as your past credit standing makes up for a credit score.