How to Overcome Your Bad FICO Score

Your credit score helps lenders determine what kind of risk that they will be taking by giving money to you. It helps them decide at what rate to add interest to your loan, and how much they can safely assume to give you. A lower credit score may make it difficult to get a loan for an inexpensive car; a very high credit score can give you the freedom to get an advance on a house worth hundreds of thousands of dollars.

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