Credit scores are based on the FICO score

When you apply for credit, the credit institution is exploring your creditworthiness. We consider your credit history (it may provide credit bureau). And you get a credit score. One common assessment systems, it is FICO score. To receive credit in this system you need to score at least 700 points. If you reach this amount, the interest rate on the loan would be more profitable. That score can easily be raised by making payments on time and reducing the amount that person owes to their creditors. More -->

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