A credit score can be determined as a numeric expression. It is based on the credit files of a person. The sole aim of such a score is to represent the credit worthiness of a borrower or a customer in broader sense. A score is generally based on credit reports that are provided by certain agencies. Several lenders such as credit providing institutions and banks go through these reports before providing credit to a person. This report shows the credit history of a person. An insurance company would not provide a loan to a person who maintains a weak...

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