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When applying for credit, whether you are purchasing a car, home or applying for a credit card, lenders want to know you credit risk level. Credit scores indicate to the lender your credit worthiness or if you will pay back the money that was extended to you.
Your credit score influences the credit available to you and the terms that the credit is offered to you. A better score means better financial options for you.
Related Links:
Consumer Website for Credit Information:
What Are The Three Credit Agencies?
What is in a Credit Report?
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