• ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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    6 months ago

    Basically there’s some opaque formula companies use to figure out your score based on how often you use your credit cars/take out loans, how regularly you repay them, etc. This in turn affects your ability to get loans. Like if you want to buy a house or a car, they’ll check your credit score, and if it’s not high enough then they won’t float you, etc.