Darnell is going to the bank, hoping to get a loan. He knows that his credit score (Mathematical number created to help a lender evaluate the risk associated with lending a consumer money) is not very good, but he is hoping that they bank can oversee this and give him a loan for a boat!
The bank has told David they will look over his credit report (Record, created by a CRA, of an individual’s credit history) and get back to him the next day over the phone on whether or not he is going to get a loan for his precious loan.
The bank called David back, and informed him that he would not be getting a loan due to his credit report. His credit score is 320 (the scale of credit scores range from 300 - 850). David now is crying in from of this picture of his dream boat.