Credit Policy for businesses and how to extend credit and manage credit risk

A credit score is a number, but what does that number mean? Where does it come from?  What am I supposed to get from that number?

You run a credit report on a new potential customer.  "Ah! This guy is a 600!!"
 Is that good? Bad? What does it mean?

The only things in a credit report that affect a credit score are:

• Number of late payments
• Type, number and age of accounts
• Total debt
• Recent inquiries
• How late payment are or were at any time

Check out if a 600 is a good score!