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This guide goes over the main determinants of your credit score, which factors matter the most and more.
A credit score is basically a number that gives a lender an indication of the likelihood you'll pay back your debt. Lending institutions use credit scores to determine if extending a loan to a ...
There are two different types of credit inquiries: hard inquiries, which can have a negative effect on your credit score, and soft inquiries, which don’t affect your credit score at all.
You can find out your credit score from the credit bureaus, or FICO, for a fee. Some lenders also offer them for free to customers. Here are a few steps you can take to get a good credit score:
Key takeaways. Your credit score doesn’t start at zero. When starting out, you’ll either have no credit or be considered credit invisible. Factors like on-time payments, low credit utilization ...
How FICO scores are calculated. Each FICO version weights different aspects of your credit history slightly differently, but all FICO scores are calculated based on the following five factors:
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