So you want that ride, but lack the money to cop it?
I mean, who got 30 thou in their pocket?
Don't escape, there's other ways to get the cake,
When you shopping for something, but don't have the money it takes.
You can get it from a
lender if they figure
you will pay 'em back,
I know your next question, “how will they know that?”
Well, there's a credit report with all your info,
Name, age, SS number and how you spend dough.
It lists the amount and type of credit,
Credit cards, students loans, car loans, get it?
It will show your
accounts, so they open? Are they closed?
Did you pay it all back? Or do you owe?
Look, any missed payments? That's a delinquency,
They look at how late they were and the frequency.
Your report affects
approval or
denial,
When applying for a loan or credit it's so vital.
Uh, I don't want to see my credit score slide,
I want to see my credit score rise.
You write your own credit history,
You can check it once a year for free.
I don't want to see my credit score slide,
I want to see my credit score rise.
Make sure it's accurate check it,
Or apply for some credit and they tell you forget it.
Now that you know
your credit score exists,
Take comfort in knowing it's not
fixed.
Which means you can raise it, in case you wonder,
So don't slumber on this three-digit number.
Other factors and your credit history,
Determine what your credit score will be.
Believe me I wouldn't tell a tall tale,
Take a look for yourself at the scale
750 or higher is a good score,
640 and below is viewed as poor.
It takes time to build up so listen,
You gotta make good
financial decisions.
Employers might check it, thieves might try hackin' it,
So log in to make sure that it's accurate.
Annual credit report dot com,
Better chance you can
borrow when your credit score's strong.
Uh, I don't want to see my credit score slide,
I want to see my credit score rise.
You write your own credit history,
You can check it once a year for free.
I don't want to see my credit score slide,
I want to see my credit score rise.
Make sure it's accurate check it,
Or apply for some credit and they tell you forget it.