Can somehow add a layman explanation on how Americans can be so much in debt but have good "credit score" that allows them to borrow even more?
A credit score measures the risk of not making monthly payments.
That's all. Nothing more.
Can somehow add a layman explanation on how Americans can be so much in debt but have good "credit score" that allows them to borrow even more?
A credit score measures the risk of not making monthly payments.
That's all. Nothing more.