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Each scoring company weights credit scoring factors differently, producing slightly different scores. The factors that make the biggest impact on your score aple paying on time and credit utilization, or the amount of available credit you're using. Credit scores influence many aspects of your life: whether you get a loan or credit card, apple federal credit union car loan interest rate you pay, or whether you get an apartment you want.
A higher credit score can rcedit you access to more credit products - and at lower interest rates. It pays to know how credit scores work and what the credit score ranges are. A credit score is federwl three-digit number, usually on a scale of apple federal credit union car loanthat estimates how likely you are to repay borrowed money and fdeeral bills. Credit credit union car requirements are calculated from information about your credit accounts.
That data is gathered by credit-reporting agencies, also called credit bureausand compiled into your credit reports. The three largest bureaus are Equifax, Experian and TransUnion. You don't have a single credit score - you have a few, and they probably vary slightly. That's because two major companies calculate scores; more on that below.
The highest credit score you can get isalthough there's not much difference between a "perfect" score and an excellent score when it comes to the rates and products you can qualify for.
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Fixed-Rate Loans vs. Pros and Cons. Home Equity Loan Requirements. Frequently Asked Questions.