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What is a credit score?A credit worthiness summarizes your complete credit history information into one number. This number is calculated by the mathematical equation that evaluates various information from the credit score during that particular credit-reporting agency. By comparing these details to the patterns in 1000s of past credit reports, scoring identifies your level of credit risk. Your score tells a lender how likely you are to a loan, or make credit payments by the due date. The more expensive your score is, the higher quality chance you have of having the finance you apply for.
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