Bonitätsscores
Bonitätsscores, also known as credit scores, are numerical representations of an individual's creditworthiness. They are a critical component in assessing the risk a lender takes when extending credit. A higher score generally indicates a lower risk of default, making it easier to obtain loans, mortgages, and credit cards with favorable terms. Conversely, a lower score suggests a higher risk, potentially leading to loan denials or higher interest rates.
These scores are calculated by credit bureaus using information from a consumer's credit report. Key factors
Understanding and monitoring one's Bonitätsscore is essential for financial health. Individuals can obtain their credit reports