Personal credit ratings estimate the credit worthiness of you as a buyer. When you make the decision to buy a house, car or take out a personal loan, a credit report is run to check you credit rating. If the credit rating is good, with a score of 620 or higher, you are most likely to get low rates. If your score is lower than a 620, the rates on loans that you get will be high. Things that lower
. your credit score show up on your credit report a derogatory. The more derogatory credit that you have, the lower your score will be. To learn how to improve your score and clear up derogatory credit, visit http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm.
