Understanding Your Credit Score

When a lease is transferred, the involving financing company is going to look at the new lessee’s credit score and will compare it with their own set 'standards' of acceptable scores.

A credit score is a number that says a lot about your credit history. It’s a score that decides whether your loan will be approved or not. The credit scores are created by computers after taking your credit reports into account. But before you learn about your credit score, it’s necessary to understand the basics of credit scores.