Tips for Raising Your Credit Score
The credit score reflected in your credit report, also commonly known as your FICO score, not only determines whether you qualify for a loan, but also the interest rate for the loan. The higher your credit score, the better your chances of being approved for a loan with a favorable interest rate. Credit scores range from 300-850. Those with credit scores below 620 pay higher interest rates on loans and have difficulty obtaining loans.
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