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What is a credit score?A credit worthiness summarizes your complete credit report information into one number. This number is calculated with a mathematical equation that evaluates a number of information out of your credit file at this particular credit-reporting agency. By comparing this data towards the patterns in thousands of past credit files, scoring identifies your level of credit risk. Your score tells a lender how likely you are to repay credit, or make credit payments by the due date. The more expensive your score is, the better chance you have of asking for the finance you apply for.
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