Question

Explain what a credit score is and what it tells you about the consumer. What are some ways you can maintain a proper credit score?

Answer 1

A credit score is a score that measures how likely you are to pay back a loan. If the score Is good that means they paid their loans on time. if the score is bad that means they aren't likely to pay any payments they are given through a loan. You can maintain a proper score by paying bills on time, when taking out loans pay the payments on time. and when you loan a car Pay. The. Payments.

Answer 2

Step-by-step explanation:

A credit score is a tool used is analyzing the creditworthiness of a customer in a numerical way or rating . It is useful in determining who qualifies for a loan , the applicable rate and other condition attached.

It tells about the financial integrity of a consumer through his attitudes to loan facilities over the years.

A proper credit score can be maintained by repaying loans on time ,up your credit card and do not close your credit card account.