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What is a credit score?A credit worthiness summarizes all your credit report information into one number. This number is calculated by way of mathematical equation that evaluates various types of information from a credit profile at that particular credit-reporting agency. By comparing these details to the patterns in a large number of past credit file, scoring identifies your level of credit risk. Your score tells a lender how likely you might be to that loan, or make credit payments promptly. The bigger your score is, the higher quality chance you might have to getting the finance you apply for.
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