Jack bought a house and received a low interest rate because he had “good credit.” What is the meaning of “good credit”?

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asked Jun 8, 2018 216k views

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ConstantinM · Answer 1 · 2018-06-14T05:48:58+0000

Good credit is an individual's credit history that indicates that the borrower is a safe credit risk. A high credit score is an indicator of good credit, while a low credit score indicates bad credit.

Jack bought a house and received a low interest rate because he had “good credit.” What is the meaning of “good credit”?

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