Tag: financial records
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Your Credit Score: A Guide to Understanding the Basics
Posted On: June 30, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
What is a Credit Score? Credit scores are measured on a scale of 300 to 850. Your credit score is a representation of how much debt you have, your credit risk, and your likelihood of paying a bill on time. A few factors contribute to determining this, such as how many lines of credit you have and your financial records. The breakdown of what affects your credit score looks something like this: 10% – Types of Credit Used 10% – Recent Credit Changes 15% – Length of...
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