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What is a credit score?A credit score summarizes all of your credit profile information into one number. This number is calculated by a mathematical equation that evaluates many types of information from a credit score during this particular credit-reporting agency. By comparing these details for the patterns in many past credit history, scoring identifies your height of credit risk. Your score tells a lender how likely you are to credit, or make credit payments on time. The larger your score is, the greater chance you've got of having the loan you apply for.
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