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Frequently Asked Questions

A credit score is a numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report, information typically sourced from credit bureaus. 

Credit scores are important because they show how likely you are to repay a loan. They are used by lenders to decide whether to give you a loan and how much interest to charge you. Your credit score is also used by landlords, utility companies, and insurers. There are many factors that affect your credit score, including your payment history, the amount of debt you have, the length of your credit history, and whether you have any recent late payments or bankruptcies.

Credit scores are calculated using a number of factors, including payment history, credit utilization, length of credit history, and more.

A poor credit history can have wider-ranging consequences than you might think. Not only will a spotty credit report lead to higher interest rates and fewer loan options; it can also make it harder to find housing and acquire certain services. In some cases it can count against you in a job hunt.

Got some questions? Have It Answered at Credit Captain

When it comes to credit you might have a lot of questions, but we’re here to help you with your credit inquiries and we’ll help you understand.

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