What is a Credit Score

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What is a Credit Score?

In order for lenders to determine your credit worthiness (whether it's for a credit card or a mortgage), the first thing they are going to want to know is your credit score. That is usually found on a credit report.

Your credit score is like a school grade or a game score: higher is (usually) better.

In regards to credit, the higher the number, the more trustworthy you are considered to be.

There are a number of ways to determine a credit score, but the most common (especially when shopping for mortgages) is the FICO score.

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