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.
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.
In this podcast we will go over how your credit score and how each of these factors effects your credit score. For more credit improvement tips don’t forget to subscribe!
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