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What is a credit score?

What exactly is a credit score, and why is it so important? If you’ve been unlucky enough to be turned down for a mortgage, loan or a credit card limit increase, don’t panic – you’re not alone. For many people, this is the first time they learn that they even have a credit score, let alone be told that their credit rating isn’t high enough to grant them the product they’d applied for.

via evolutionmoney.co.uk

What is a credit score?

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