Following best practices can help you improve and protect your credit score.
Credit refers to your ability to borrow money now to repay later.
Your credit score is your reputation as a borrower. It can help determine if you can borrow money and at what interest rate.
The most significant factors affecting your credit score are whether or not you have repaid debts on time and how much of your available credit you use.
Paying off balances in full each month and avoiding unnecessary credit applications can help your credit score.
Your credit score can affect many areas of your life and may be used not only by lenders but also by prospective landlords and employers.
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