What Good Credit Means
A summary of an individual’s credit history, a credit report serves several functions for both individuals and business. For the individual, the report serves as a historical marker of every major financial decision and a measuring stick for their current financial standing. For business, the report serves as an indicator showing them whether doing business with an individual or another company would be a sound investment. If an individual has a good report, the business can be somewhat assured they won’t lose money with the individual.