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