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Glossary

Credit Score

Your credit score is a number assigned to you by credit bureaus that is meant to represent your history, and thus your reliability, as a borrower.

Credit scores are arrived at by a complex mathematical process that credit bureaus will not reveal, though it is approved by the Federal Trade Commission. The process involves examining your credit history, credit report, payment history, debts, and other factors. Credit scores usually range from 300 to 850. A credit score of 680 or above is considered good.

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