How do lenders view my score?

How do lenders view my score?

Your credit score is an important indicator of your creditworthiness. In general, the higher your score, the lower the probability that you will become delinquent on credit extended to you. And while many lenders use bureau scores to help them make lending decisions, each lender will base its decision on more than just the score.

Lenders use your credit score to determine if you are a good candidate for credit and likely to pay your bills. In the event of bankruptcy, it will also help them determine what type of repayment plan is best for you.

Because your credit report is updated every day, your bureau score is recalculated continuously. So your credit score from a month ago is probably not the same score today.

Take care,

Mark Fidgett
"Your Mortgage Consultant....For Life!"

T 604.273.2002 | F 604.522.2072
E mark@notapennydown.com
W www.notapennydown.com