When dealing with Credit, there are many different factors that can help to determine your eligibility, or whether a bank should trust you with a loan. However, to fully understand Credit, you have to know what it is and what it's for.
According to Experian.com, "Credit is borrowed money that you can use to purchase goods and services when you need them." Credit is very useful and can help you purchase necessities like a Car or House.
One of the First things that banks look at when considering you, Is your credit score. A credit score is a numerical representation of Your credit history, and your ability to pay loans and payments ON TIME.