You’re credit score is somewhat of a magical number. There are many general factors that go into calculating your credit score, but different reporting agencies calculate it in different ways, and none of them will tell you exactly how the score is calculated, and the effect different actions have on your score. The best way to understand your credit score is to monitor it with a free tool, such as the Borrowell Credit Report, and see how different actions change your score over time.Why to monitor your credit scoreEssentially, your credit score is a number that financial institutions …
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