I. Introduction
The essay will begin with the introduction of the credit rating. It will pose some questions similar to: Why do lenders use credit scores? How does the lender obtain credit scores? The essay will also discuss types of credit scores to help the audience recognize the impact of credit ratings. The introduction will let the audience understand what the essay will be about and draw them in.
II. Second Paragraph (Use of Credit Score and Impact) Subsequent to the introductory paragraph, it is imperative to enlighten on the use and relevance of credit scores for that reason the second paragraph “Use of Credit Scores and Impact.” This paragraph would provide the answers to the following questions. Why credit scores are important to lenders as well as the individuals? How credit scores work for lenders? Once the establishment of use and relevance of credit scores has been discussed then comes the point of how credit scores are helpful and are a fair measure of assessing a person’s repayment ability and financial responsibility.
III. Third Paragraph (Legitimacy of Credit Scores) The third paragraph “Legitimacy of Credit Scores” will assess the validity of credit ratings and scores based on past and current finances and facts as reported by previous lenders. In this paragraph the essay would critically evaluate the positive and negative aspects related to credit scores.
IV. Conclusion The last and final paragraph will be the conclusion of the essay, under which the point of the essay will be reinforced “Credit scores are a fair measure to help lenders estimate potential risk.” A summary of the main points, and a final statement that gives the audience signals that the essay has come to an end, while reinforces the main point of view of the