Number that represents a person’s creditworthiness or in other terms, the risk Boro takes when you borrow money. Higher scores correlate with better creditworthiness and a lower risk for Boro. Lower scores correlate with low creditworthiness and a higher risk for Boro. Your credit score plays a very important role in your life.
This value is calculated typically based on payment history, amount owed, length of history, new credit and types of credit used.
International students can still build a credit score without a Social Security Number (SSN).
To learn about how to build credit as a college student, please visit our blog: new credit and types of credit used. Learn more here
Michigan Regulatory Loan License (RL-0020249), effective February 12, 2016,issued by Department of Insurance and Financial Services.Contact info: Office of Consumer Finance, 530 W. Allegan Street, 7th Fl., Lansing, MI 48933-1521