Your credit score will give information to future lenders about your creditworthiness. This tells them how good you have been in maintaining your records, such as paying bills on time, no defaults, how you manage your credit cards and other debts. Is their any negative remarks against your name etc.In case you find a suspicious activity against your name on credit report, report immediately in writing to all three major credit score companies. This report also can be used to fix any wrong address or name in credit report. Bottom line this report lets you know where you stand on credit rating and how good chances are of getting a loan on a decent interest rate. The higher credit score means more attractive loan offers from lenders. Once you have checked your credit score and are satisfied with the needs of lending companies, next thing comes checking your financial situation. First thing what is your current assets vs. current debts. Are you in position to keep a large portion of salary...