Credit Score
A credit score is a single number, often a FICO score, that summarizes how well you have managed credit. It is calculated from your credit report, using factors such as payment history, amounts owed, length of credit history, new credit, and credit mix. A higher score generally means lenders see you as more likely to repay. That can lead to better terms, such as lower interest rates. Your income is not part of the score.
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