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What is a credit score?A credit worthiness summarizes your complete credit score information into one number. This number is calculated with a mathematical equation that evaluates various kinds of information from a credit file at that particular credit-reporting agency. By comparing this information for the patterns in a large number of past credit reports, scoring identifies your height of credit risk. Your score tells a lender how likely you happen to be to a borrowing arrangement, or make credit payments promptly. The higher your score is, better chance you might have of asking for the financial lending are applying for.
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