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What is a credit score?A credit worthiness summarizes all your credit history information into one number. This number is calculated by the mathematical equation that evaluates various types of information out of your credit file during this particular credit-reporting agency. By comparing this data towards the patterns in a huge number of past credit report, scoring identifies your height of credit risk. Your score tells a lender how likely you happen to be to repay financing, or make credit payments on time. The greater your score is, the greater chance you have of having the credit are applying for.
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