How Can Credit Score Affect Your Borrowing Amount?

 

A credit score is a number that determines your performance as a borrower. It is a record of how well you have managed your expenses. Lenders use this to determine your capability as a borrower, whether you will be able to repay the money back or not. The increasing financial uncertainty has led to more lenders checking the credit score before giving money to the borrowers. People are usually super confused about what a credit score is and how it might affect your borrowing ability, loan amount, and other terms of the first mortgage. Click To Read More.