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What is a credit score?A credit worthiness summarizes your entire credit profile information into one number. This number is calculated by the mathematical equation that evaluates various types of information out of your credit score at that particular credit-reporting agency. By comparing these details on the patterns in thousands of past credit reports, scoring identifies your level of credit risk. Your score tells a lender how likely you happen to be to repay credit, or make credit payments by the due date. The larger your score is, the greater chance you might have of having the financing are applying for.
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