Credit Markets If you want to get a credit card in the US and in many other countries, you need a credit rating score, which represents your creditworthiness. Lenders, including banks and credit card companies, use this score to evaluate and price the risk of giving you money. In turn, consumers are incentivized to maintain a good credit score, and to increase it.
This is going to be a game changer as one day all of us might mandatorily need this score on our resume