What It Tells You
A person’s credit score gives clues to factors such as outstanding debt, what their payment history looks like and new lines of credit. A low credit score might show that they don’t take their credit seriously, they don’t make enough to cover all of the credit they’ve taken out or they’re going to have intermittent troubles paying bills, mortgage or rent payments or buying groceries to meet those credit payments.
The score won’t tell you everything, but it will tell you if the person is in bankruptcy or consumer proposal or a similar plan. If you have had a bad experience before, finding this out before things start heating up may prevent some headache and possibly even heartache, later on.
The appeal or attractiveness of a good credit score doesn’t necessarily have to do with the thought of getting more gifts or going on trips. The appeal lies in the perception that someone with a good credit score is responsible and takes care of their obligations before they turn into problems.
Statistics show that the credit score attraction is more prevalent among women, but a lot of men also find it appealing. After all, women are just as eligible to take on multiple forms of credit as men are, and the potential to encounter problems is just as great.
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