The Benefits Of Having A Right Credit Score & Its Importance

Credit scores are numerical ratings assigned to individuals based on their credit history and financial behavior. Credit scores are used by lenders, landlords, and other institutions to assess the creditworthiness of an individual and determine the level of risk associated with extending credit or services to them. Credit reporting agencies typically generate credit scores based on various factors, including payment history, credit utilization, length of credit history, types of credit used, and new credit applications. Scores vary from 300 – 850, with higher scores meaning better creditworthiness and lower risk…

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