Monday, February 5, 2007

What is a credit score?

A credit score is based on variables in your credit file that help determine your creditworthiness. The number is based on various factors, including the number of trade lines you have open, the number of late payments, delinquencies, etc. Lenders look at your credit file and other factors to determine your creditworthiness.

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What is a credit score? ~ - How's Your Credit? - Blog