Five things you should know about your credit score and why it’s important

Before you are lent any money, a lender needs to check your credit score (Shutterstock)

You want to advance your horizon financially by acquiring more things that are not necessarily within your reach. This means you’ll have to consider borrowing.

However, before you are lent any money, a lender needs to check your credit score to see whether you are worthy of the credit. The means to determining your worthiness for a credit is through knowing your credit score.