Your credit score is a three-digit number that represents your creditworthiness. It's calculated based on your payment history, credit utilization, length of credit history, and other factors.
A good credit score can help you qualify for loans and credit cards at favorable interest rates, while a bad credit score can lead to higher interest rates or even loan denials.
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By monitoring your credit report regularly, you can identify errors or inaccuracies that may be negatively affecting your credit score.
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