We’ve all heard of credit scores. But what are they? How do lenders use credi…
We’ve all heard of credit scores. But what are they? How do lenders use credit scores? Your credit score is a number based on a formula using the information in your credit report. The result is an accurate forecast of how likely you are to pay your bills. Credit scores are widely used. If you’ve gotten a loan, a credit card, or even auto insurance, the rate you paid was directly related to your credit score. The higher the score, the better you look to lenders. Click the link to learn more.
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