Real Estate Glossary | What is Credit Rating??

Q: What is Credit Rating?

Credit rating is a measure of a person's creditworthiness, or their likelihood of repaying a debt. Credit ratings are assigned by credit rating agencies, which are companies that specialize in evaluating the creditworthiness of individuals, businesses, and governments. Credit ratings are typically based on a variety of factors, such as a person's credit history, income, and debt level. Credit ratings can range from excellent to poor, and they are used by lenders and other financial institutions to determine the risk of lending money or extending credit to a borrower.

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Beycome Corp. works with real estate brokerages licensed to do business in multiple states across the country. Beycome Brokerage Realty LLC d/b/a beycome.com is a real estate brokerage licensed to do business in AL, GA, IL, MI, MN, NC, SC and TX. Beycome of Florida LLC d/b/a beycome.com is a real estate brokerage licensed to do business in Fl. Beycome of Connecticut LLC d/b/a beycome.com is a real estate brokerage licensed to do business in CT. A list of our licenses is available here.

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