Question

Your is a number assigned to you that helps a lender judge your ability to repay a loan brainly

Answer 1

Credit score is a number assigned to you that helps a lender judge your ability to repay a loan.

What is credit score?

Credit score is used to determine the ability  of a borrower to payback a loan.

Credits score is important as it help to measure the capacity of a borrower to pay back the money lend to him /her based on their past credit score record.

Based on this most loan companies tend to make use of credit score by checking and verifying a borrower credit score before giving out a loan to a borrower as this score will help them to know if the borrower will payback or not.

Therefore, when borrower has a high credit score their is likelihood or tendency that the borrower will pay back the loan .

Learn about credit score here:brainly.com/question/27356339

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