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What is a credit score?A credit worthiness summarizes your entire credit score information into one number. This number is calculated by the mathematical equation that evaluates various kinds of information through your credit report during that particular credit-reporting agency. By comparing these records to the patterns in thousands of past credit report, scoring identifies your level of credit risk. Your score tells a lender how likely you are to repay financing, or make credit payments by the due date. The greater your score is, better chance you might have to get the financial lending are applying for.
How can I get my credit report? To get the free credit score that you are eligible to under federal law, you should check out www.annualcreditreport.com. There, you can obtain your credit report from the 3 credit scoring agencies - Experian, Equifax and TransUnion - once every twelve months. For daily monitoring of this credit history from all of the three credit scoring agencies, use FastOnlineCreditScores Monitoring. This particular service makes your own personal credit file available on the internet 24-7. You've got peace of mind from knowing that your credit records are increasingly being monitored daily. If any irregular account activity is detected, we'll email you promptly.
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