Credit score vs credit report: The differences that matter
1 year, 3 months ago

Credit score vs credit report: The differences that matter

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Your creditworthiness, as evaluated by your credit score and credit report, holds significant importance when seeking loans or credit cards. The pivotal factors influencing your credit score encompass: Payment history: The foremost determinant of your credit score is your track record of timely payments. The precise factors considered in this calculation may vary depending on the credit scoring model in use but typically encompass your payment history, outstanding debt, credit history duration, and the variety of credit accounts held. While the credit report offers a comprehensive perspective on your credit history, the credit score provides a swifter and more convenient means of assessing your creditworthiness.

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