The credit rating is the same as credit score. The bank will give you a credit rating/credit score as an evaluation of how secure you as a payer are. The better credit score/credit rating you have, the more probable is it that you will get a credit card and that the bank will offer you good terms.
It is important to try to get and maintain a get good credit score. The credit score can decide if you will get a loan when you want to buy a car or maybe a house. If you have a very low credit score/credit rate you could have troubles to get subscription deals where you postpay, such as electricity and mobile phone contracts.
Despite detailed research we can not guarantee the accuracy or completeness of the information provided.