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animallvr2006

Well if you have horrid credit then you pay fees for the loan as if it was not hard enough to pay it back if it is medium then you still face the same penalty but if your credit it stupendous then all you have to do is repay the money amount of the loan! i hope that this helps you!!!

chilljain33

Credit score is representative of an individual's credit score and shows the credibility of a person in the market. It is affected by a number of factors like history of repayments, legal status of activities from money, loans taken, etc.

Credit score is calculated by various credit rating agencies and are updated every month depending upon the credit history of such individual. It is calculated out of 900 where higher the score, higher is the credibility of that person.

  • Credit score is a visual representation of a credit history of a person which is affected by timely payments and whether the payments is done in full or not.

  • The score is also affected by no. of loans distributed to such person and there is no default in repayment of such loan's every month.

  • The principle amount along with interest must be paid in full. If there is a delay of even 1 day in repaying such payments the score is lowered.

  • A credit score of below 650 is considered to be WEAK, 650- 780 is considered GOOD and anything above that is considered as an EXCELLENT credit score.

Hence, credit score is affected by timely repayments, payments in full and whether there is any default in repayment over the past.

To know more about credit score, please refer to the links below.

https://brainly.com/question/14753741

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