From the Desk

WHAT IS CREDIT SCORING?

Whenever you apply for credit—whether it’s a home loan or a mobile phone contract—your application is given a credit score. The score represents your risk of non-payment to the lender credit, and it is usually assessed by a computer.

Credit scores are influenced by a wide range of factors which don’t always reflect your true credit worthiness. A mortgage consultant may be able to help with credit scoring issues.