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Why credit score is important?

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Anonymous

12y ago
Updated: 12/24/2022

Your credit score is one aspect of your credit worthiness that is used to determine your qualification for credit (credit cards, loans, advances). In addition to establishing your general ability and willingness to repay credit, it can determine the terms of that credit (interest rates, periods, points). The score is widely seen by credit and capital providers as the "grading" of your suitability for credit.

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