For better or for worse, 21st century consumers have become heavily dependent upon credit as their preferred means of making purchases. On the other side of the coin, your credit is also how you are evaluated in our credit culture. Most people recognize that their credit history is checked when they apply for a loan or a credit card, but may not realize ...
Your credit score is basically a snapshot of your credit use over the last seven years of your borrowing history. This number (called your FICO score) is based on a complex mathematical model that evaluates many types of information in your credit file. Most people probably have no idea what their credit score is, but it can have a significant impact on your life.
