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    How to Check Your Credit Score

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    A credit score is a number that lenders use to decide whether to give you a loan and what interest rate to charge. It is based on information in your credit report, which is a record of your credit activity that includes the names of companies that have extended your credit and loans, as well as whether you have made your payments on time. 

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    What’s a Good Credit Score? 

    A FICO® Score of 670 or above is considered a good credit score, while a score of 800 or above is considered exceptional. Scores between 580 and 669 are considered fair, while scores below 579 are considered very poor. 

    How Can I Check My Credit Score? 

    Assuming you want to check your credit score for free, there are several ways to do so. Many personal finance websites, including NerdWallet, offer free credit scores. Some banks and credit card issuers also provide free access to scores for their customers. And if you have a recent loan application declined, the lender must tell you why and give you the name and address of the agency that provided the information used in the decision if it was a consumer reporting agency such as Experian or Equifax. You can get a free copy of this report from the agency itself within 60 days after receiving notice from the lender that you were denied credit based on information in this report.  

    Conclusion: 

    Your credit score is an important number that lenders use when considering whether to give you a loan and what interest rate to charge. A good credit score is generally considered to be a score of 670 or above, while an exceptional one is 800 or above. Scores between 580 and 669 are considered fair, while scores below 579 are considered very poor. You can check your credit score for free in several ways, including through personal finance websites and some banks and credit card issuers. If you’ve been denied for a loan based on information in your credit report, you can also get a free copy of this report from the consumer reporting agency within 60 days after receiving notice from the lender.

    vivian
    vivianhttps://www.eoppy.com
    I'm Vivian from Italy, I'm a novelist, nobody notices, I'm famous.

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