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 | Hey Jimmy, I'm having a hard time knowing what the definition of a credit score is. Can you inform me? | |
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| A credit score is basically a numerical summaryof your credit history that indicates your credit worthiness, like the chances you will pay back a loan and if its on time. The higher credit score you have, the better! | |
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| Okay that makes sense! What numbers do they range from? | |
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| There are two main scoring systems that issue you a credit score. They are FICO and VantageScore. FICO ranges from 300-850 and VantageScore ranges from 501-990. The higher score is always better. | |
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| Awesome! One last thing, how can I keep my credit score high? | |
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| To keep a high credit score, you should pay your bills consistently on time, maintain reasonable amounts of available credit, and do not have too many of one type of account. | |
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