Credit Rating
You want to rent an apartment. Nothing too fancy...just a two-bedroom flat in the heart of the city. Before you can get that dream apartment, you need to fill out an application and have the landlord run a credit report.
This credit report will provide a history of all of your debt accounts. It will also attach a credit score that scales between 300 and 850, with the latter being the highest rating for creditworthiness.
Companies, municipalities, and individual countries also have credit ratings, which are traditionally conducted by rating agencies like Moody's, Fitch, or Standard & Poors. Credit rating agencies provide letter grades to bonds as well.
Related or Semi-related Video
Finance: What is the Equal Credit Opport...6 Views
Finance a la shmoop what is the Equal Credit Opportunity Act? alright people while the
federal government thinks everyone should have the equal opportunity to get [Men in Federal Government appear]
into debt isn't that sweet of them you know that Uncle Sam well he sure does
have a heart of gold this federal law makes it illegal to discriminate against
people who are applying for financing on pretty much anything legal based on
their age gender marital status religious affiliation ethnic or national
background or public assistance benefits your credit score however well that
still matters sorry just keeping it real
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