What is a credit score?
Your credit score is a numerical summary of your credit-worthiness (risk assessment) based on information found in your credit report
Credit Scores are based on the information found on your credit
report. They are used to ascertain your credit risk. A good credit report can
help make your financial life much easier. A poor credit record can haunt you
for many years to come. When reviewing your credit report, you will notice that
there are a lot of numbers, abbreviations and terms you've never seen or heard
before such as trade lines, charge-offs, and account review inquiries.
This is a complicated area of law and an attorney should be consulted on all matters relating to bankruptcy. The information on this website is provided with the understanding that the authors and publishers are not herein engaged in rendering bankruptcy, legal, insolvency, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional bankruptcy, insolvency, tax, legal or other competent advisors. While we have made every attempt to ensure that the information contained in this website has been obtained from reliable sources, Credit Advisors Foundation and Arbor Investment are not responsible for any errors or omissions, or for the results obtained from the use of this information.