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What is a credit score?A credit rating summarizes your complete credit history information into one number. This number is calculated by the mathematical equation that evaluates various information through your credit history during that particular credit-reporting agency. By comparing this info for the patterns in many past credit file, scoring identifies your height of credit risk. Your score tells a lender how likely you might be to repay a loan, or make credit payments punctually. The greater your score is, the higher quality chance you might have of having the financing are applying for.
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