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What is a less than perfect credit score?

In accordance with the guidance utilized in your credit history, the financing reporting bureaus generally create a score anywhere between 300 and you may 850. The greater your credit rating, the much more likely you are to-be recognized to possess credit and you may to receive many nice words, such as for example down interest levels otherwise extended repayment episodes. On the other hand, a bad credit get is one that can cause a lender so you’re able to reject the job to possess borrowing from the bank or fees highest interest levels to the loans that will be accepted.

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