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What is Credit?
There are three ways to understand credit:
- credit (as a definition)
- credit score (also known as a FICO score)
- credit report
That trust is built on one of two things: your credit history, and your ability to pay back present and future loans.
The more trustworthy you are, the more likely you will be allowed to use credit. This trust also affects how much credit is available to you and the conditions for paying it back (for example, getting low interest rates).
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