So what is a credit rating? Put quite simply it is where a reputable credit agency assesses the credit worthiness of someone applying for credit, a specific type of debt or a loan. Contrary to popular belief universal credit ratings simply don’t exist, neither do so called ‘blacklists’. All lenders determine credit scores based on profitability. In a nutshell it is an evaluation made by a credit rating agencies employed by the credit issuers on the possibility of future default by the borrower. Anyone who is prepared to pay for read more > >