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What Is A Credit Score And How Is It Calculated

Visit us at https://www.newhorizon.org/credit-info/what-is-a-credit-score-and-how-is-it-calculated/<br>Your credit score is a three-digit number that indicates your likelihood of repaying loans and making payments on time.<br>Having a high credit score tells lenders you are not a high risk. Resulting in easy credit approvals, lower interest rates and higher credit amounts. <br>Credit scores are computed using a formula that considers factors such as payment history, amount owned, length of credit history, credit mix, and new credit.

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What Is A Credit Score And How Is It Calculated

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  1. What Is A Credit Score And How Is It Calculated? Your credit score is a three-digit number that indicates your likelihood of repaying loans and making payments on time. Having a high credit score tells lenders you are not a high risk. Resulting in easy credit approvals, lower interest rates and higher credit amounts. www.newhorizon.org/credit-info/what-is- a-credit-score-and-how-is-it-calculated

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