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olga_2 [115]
2 years ago
9

In a few sentences, explain how a credit score affects creditworthiness and the cost of credit.

Business
1 answer:
Anastasy [175]2 years ago
3 0
A credit score is the number that is assigned to the lenders that measure how well they are able to pay a debt. Credit scores are affected by how the previous loans were paid as well the amount of the loan. Late payments, short term loans, and small loans will result to a low credit score.
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