Who Evaluates My Credit Score

Financial institutions, credit card companies, car dealers, retail stores and most other lenders that issue loans use credit scores to quickly summarize a consumer's credit history. This saves the need for the lender to manually review an applicant's credit history thus provides a better, faster, and risk adverse decision.

Although there are many additional factors are used in determining risk, such as an applicant's income vs. the size of the loan, a credit score is the primary indicator of an entity's basic creditworthiness.