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What is a credit score?A credit standing summarizes all of your credit history information into one number. This number is calculated by the mathematical equation that evaluates various kinds of information from the credit report at that particular credit-reporting agency. By comparing these records to the patterns in a large number of past credit history, scoring identifies your height of credit risk. Your score tells a lender how likely you are to financing, or make credit payments by the due date. The greater your score is, the greater chance you've got to get the loan are applying for.
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