What Is A Credit Bureau Score And How Do Lenders Use Them?

As we show you in this video, a credit bureau score, or "credit score" is a number based upon your credit history that represents the possibility that you will be unable to repay a loan. Lenders use it to determine your ability to qualify for a mortgage loan. The better the score, the better your chances are of getting a favorable loan. Know your score and ensure that lenders have current information about it.