Changes

[[Image:Credit score chart.png|thumb|Credit score chart.]]

[[Image:Credit score chart.png|thumb|Credit score chart.]]

'''Credit''' is a term that refers to the "Belief or confidence in the [[truth]] of something." <ref> [http://www.thefreedictionary.com/credit TheFreeDictionary] Farlex, Inc. </ref> The term is used in relation to the approval for delayed payments for purchased goods, services, or money (loans). Borrower normally issues a receipt to the lender promising to pay back. A credit frequently involves an [[interest]] and other costs like arrangement fees. Trustworthy is related to the ability to pay. Creditworthy is based on a person's credit history, or credit rating.  

'''Credit''' is a term that refers to the "Belief or confidence in the [[truth]] of something." <ref> [http://www.thefreedictionary.com/credit TheFreeDictionary] Farlex, Inc. </ref>  

 

'''Credit''' is used in relation to the approval for delayed payments for purchased goods, services, or money (loans). Borrower normally issues a receipt to the lender promising to pay back. A credit frequently involves an [[interest]] and other costs like arrangement fees. [[Trustworthy]] is related to the ability to pay. Creditworthy is based on a person's credit history, or credit rating.  

A Credit Bureau is an agency that collects information on the credit record of consumers so that creditors could make decisions about granting of loans. Companies that offer credit to their customers are part of the [[Financial]] [[market]]. Risks involving credit concern regulators of this markets.  

A Credit Bureau is an agency that collects information on the credit record of consumers so that creditors could make decisions about granting of loans. Companies that offer credit to their customers are part of the [[Financial]] [[market]]. Risks involving credit concern regulators of this markets.