A credit score is a snapshot that represents the health of your credit report. This credit score infographic illustrates the difference between a credit report and a credit score, factors involved in determining your credit score, and why a good score is important.
Financial institutions look at your credit report and credit score to decide if they will lend you money and how much interest they will charge you to borrow money.
This credit score infographic highlights how it could be harder for you to get a credit card, loan or mortgage if you have no credit history or a poor credit history. It may affect your ability to rent an apartment or get hired for a job.
Individuals with higher credit scores usually qualify for better loan terms. This can save a lot of money over time.
This infographic is included in FreshPlan software and is also available as a print-ready or web-ready piece.
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