For many years, it was very difficult (in some cases, nearly impossible) for an individual to check his or her credit score. We had to hope that when we needed a loan, our score would be there to support us.
Then companies started offering free and paid services so that people everywhere could check in on, and track, their credit scores over time. And more recently, some commercial banks started offering free credit scores to their customers on monthly statements.
But why? It’s because your credit score is an important part of financial security. A low score will mean difficulty borrowing and, sometimes, even getting a new job.
If you don’t know your credit score, you’re not alone. Read the full article for more.