Answer
The answer is under explanation see please give me a crown for this :)
Step-by-step explanation:
Credit ratings are frequently used by mortgage lenders and credit card companies to determine whether and how much credit to offer. Several car and house insurance in the majority of states bases annual premiums in part on specialized credit ratings. Landlords, electric utilities, and cell phone providers may all use credit scores to determine whether to request a security deposit and, if so, how much it should be.