Question
How is a Credit Score calculated?
Answer
There are many different models used to calculate a Credit Score. Such models use various mathematical algorithms to derive a Credit Score. The higher the score, the better your credit worthiness. Hence you typically would want to maintain a high credit score. Credit Scores are positively influenced by on-time loan payments. They are negatively influenced by late payments, delinquencies, etc.... Sometimes, too many loan inquiries on a report can also negatively influence a score.
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