Credit scores have grown in importance and involvement in our financial lives since their inception. In addition to making it a primary factor in assessing credit applications, lenders have started to base lending rates on an applicant’s credit score. Because of this, in today’s society, having a high credit score is considered a financial asset. However, because it is thought that people with low credit scores are less responsible with their money, they might have their credit application denied or approved but with a higher interest rate. A loan is one of the most common forms of financing we will ever have, and obtaining one would be more challenging if…