Credit Score An Introduction - Page 2
Your credit score lets lenders know fast how much of a credit risk you will be. Based on your credit score lenders decide whether to trust you financially and give you better rates when you apply for a loan. Apartment managers will decide whether you can be trusted to pay your rent on time. Employers will decide whether you can be trusted in a high responsibility job that requires you to handle money.
There's quite a bit of misinformation circulated about credit scores especially through some less than scrupulous companies who claim that they can help you with your credit report and credit score, for a fee of course.
Advertisements and suspect claims can mislead you to the point where you may come away with the idea that in order to boost or fix your credit score, you will have to pay a company or leave credit repair in the hands of the so-called 'experts'. This is not necessarily the case. It is possible to bring down debts and boost your credit by yourself with no expensive help at all.
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