There are many misconceptions about credit scores out there. There are customers who
believe that they don’t have a credit score and many customers who think that their
credit scores just don’t really matter. These sorts of misconceptions can hurt your
chances at some jobs, at good interest rates, and even your chances of getting some
apartments.
The truth is, of you have a bank account and bills, then you have a credit score, and your
credit score matters more than you might think. Your credit score may be called many
things, including a credit risk rating, a FICO score, a credit rating, a FICO rating, or a
credit risk score. All these terms refer to the same thing: the three-digit number that lets
lenders get an idea of how likely you are to repay your bills.