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Date:
May 6, 2007, 7:05 am |
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what is a good score |
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Answer:
A credit score is a number that is used by lenders to evaluate the risk of giving you a credit. It matters greatly for your financial health and by far determines your chances for getting your application approved. The score depends on the information in your credit report. Generally the score ranges from 350 to 850. The higher the score, the more chances you have to get a loan and the better terms of credit will be. In addition, the score has a great influence on the prospects of getting instant approval. Score above 660 is considered good, and if the number exceeds 750, your score is regarded excellent, which opens up many opportunities. |
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