What is a credit score and why is it important?
By CreditRegistry
A credit score plays a key role in a lender's decision to offer credit. Factors considered in credit scoring include repayment history, types of loans, length of credit history, and an individual's total debt. A credit score is a risk assessment tool used by lenders to determine an individual's creditworthiness. It is statistically developed and summarises all of the information relating […]
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