Today, credit is really what describes us. It is in reality a mirror as you are able to examine should you want to see into the financial globe. For those who have good credit, this mirror will explain you as being a trustworthy individual who can borrow and repay follow-ups. The image would be the exact reverse if you have got woeful credit.
Here's a good example
You ask John to provide you $100 and guarantee to repay in 2 months. But John understands that you would not hand back the $150 which you borrowed Mark a couple of months back.