What is a credit score?

A credit score is a three-digit number that is used to measure an individual’s creditworthiness. It is used by lenders to help them determine the likelihood of an individual to repay a loan. It takes into account the information from a person’s credit report and determines the level of risk for potential lenders. In Washington, the credit score range is from 300 to 850. The higher the credit score, the better the creditworthiness of an individual. Generally, a good credit score is considered to be any number above 700. To help maintain a good credit score, individuals should always stay on top of their bills and pay them on time. They should also avoid opening too many new accounts in a short period of time, as this could have an effect on their credit score. Good credit is important for those in Washington who are seeking loans of any kind. A good credit score will help individuals to receive better loan terms and interest rates, which can help them save money in the long run. Utilizing credit repair services can also be beneficial for individuals with poor credit, as they can help improve a person’s credit score.

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What is a credit score?

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