Download Find Credit Score Calculator APK latest version Free for Android
Version | 1.0 |
Update | 8 years ago |
Size | 173.10 KB (177,255 bytes) |
Developer | Himanshu Kaushik |
Category | Apps, Finance |
Package Name | in.ApplicationDeveloper.findyourcreditscorefinal |
OS | 2.2 and up |
Find Credit Score Calculator APPLICATION description
How can a simple number determine whether you can buy a house or car? If you've read How Credit Reports Work, you know that your credit report contains a history of how you've paid your bills, how much open credit you have, and anything else that would affect your creditworthiness. Your credit score boils down all of that information to a three-digit number. Using the credit score, lenders can predict with some accuracy how likely the borrower is to repay a loan and make payments on time. It's how electronics and department stores can offer instant credit.
This incredibly important number, which affects how much you pay for credit, insurance and other life necessities, used to be hidden from consumers. Until recently, only lenders and other businesses that used the score could access it. Fair Isaac and Company, which developed the score, felt that the score would only confuse consumers since there was nothing to tell them what it meant or what lenders were looking for.
In 2001, however, all of this changed due to pressure from the U.S. Congress and industry and consumer groups. Now you can view your credit score -- for a fee -- from credit reporting agencies and redit monitoring services.