What is a credit score? Most people would answer that this is how lenders see if you are able to receive a loan and at what interest rate. And that’s true. But really, it’s an algorithmic number telling a lender how likely a person is to default on a loan within the first 24 months. […]
Tag Archives: low credit scores
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Apr
Apr
When The Chips Fall: Gambling Addiction and Credit Scores As luck would have it, gambling and debt go hand in hand! So what if your hand falls short? Nearly 23 millions Americans lose and fall into debt- losing an estimated $55,000. What happens when you’ve run out of cash and all stashes have hit zero? […]