Glossary Of Debt Management & Financial Terms
Credit Rating
A score and an analysis of the information on your credit file. Each piece of information in your report is given points based on how it compares to people who pay their bills and loans on time. The more positively it compares to these people, the higher your score and overall credit rating becomes.
This score is not a definite answer to whether you will obtain the credit or not, as all companies have different criteria as to whether they will offer the credit facility.
See Credit Blacklist, Credit Reference Agencies and Credit History.
