Credit score has a big role in deciding who gets poorer or who gets richer in a country. Suppose a person has a credit score of three hundred and fifty whereas another person has a credit score of four hundred and fifty, so the chances of loan are better for the second one than the first one. Obviously the rate of interest will be lesser for the person with the credit scores four hundred and fifty. Also he or she will have more chances of coming out of the debt faster than the credit scorer three hundred and fifty.   

Some more relevant information and your past credit record is added up to make your credit score information. Credit score is the deciding factor weather you are [+]