What Is a Good Credit Score in 2022? 

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 Why Is It Important?

 When we talk about credit scores, there are typically two significant players, FICO and VantageScore. Let’s go through all the in’s and out’s of credit and how it can affect your finances.

Essentially, a credit score is a number ranging from 300 to 850 to help lenders determine the likelihood that you’ll pay your loan back to them.

What Is a Credit Score?

What Factors Impact Your Credit Score?

Some common factors when determining your credit are: -Paying Your Bills -Your Debt -Credit Card Usage -Credit and Loan Applications

Factors That Don’t Impact Your Credit Score

When determining your credit score, FICO and VantageScore will not take the following factors into account: – Age – Race – Religion – Nationality – Gender

How Do I Get My Credit Scores?

You can get a full credit report from each of the three credit bureaus once per year from AnnualCreditReports.com.

Why Having a  Good Credit Score  Is Important

Having a higher credit score will make it easier, in general, to get a new loan. It can also make the terms of any new loan better for you.

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