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What is a credit score?A credit history summarizes all of your credit history information into one number. This number is calculated by a mathematical equation that evaluates various information from your credit profile at this particular credit-reporting agency. By comparing these records for the patterns in thousands of past credit files, scoring identifies your level of credit risk. Your score tells a lender how likely you're to settle credit, or make credit payments in time. The more expensive your score is, better chance you have of getting the credit you apply for.
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