Which items do credit card and lending companies use to determine whether to lend you money or not? Your credit score Your credit bulletin Your credit discount Your credit dispatch

Your credit score is a key factor that lenders assess when determining your eligibility for a loan or credit. This three-digit number, which typically ranges from 300 to 850, summarizes your creditworthiness based on your credit history, repayment behavior, and overall financial responsibility. A higher score suggests that you're a low-risk borrower, making it more likely for lenders to approve your application! In addition to your credit score, companies often review your credit report, which provides a detailed chronological account of your borrowing history. This document includes information about your past loans, credit card usage, payment history, and any bankruptcies or defaults. Lenders analyze this report to gauge your ability to handle additional debt and your overall financial habits, helping them make a more informed lending decision!