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Credit Scores range from 300-850, the higher the better
Most lenders base approval on your credit score
Higher Scores mean lower payments and better deals
Higher Scores mean Lower interest rates
 
Scores are determined by 5 main categories
  Payment History
  Amounts Owed
  Length of Credit History
Type of Credit Used
New Credit

Under a new Federal Law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies. To request your free annual report under that law, go to annualcreditreport.com

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