Your credit score is one of the biggest determining factors in your ability to get a quality loan, and it is far more complex than just a three-digit number.Yahoo! Personal Finance recently wrote an in-depth piece about understanding the intricacies of your credit score and what it means.
According to the article, “consumer research conducted by the Consumer Federation of America and VantageScore Solutions shows that many Americans don’t really understand their credit scores.”
The lower your credit score, the higher interest you will pay on loans and any line of credit. Understanding the basics of credit scores can help you achieve your goals, including home ownership.
Click here to view the article and learn more about credit scores.
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