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Your Credit Score

Your credit score is a track record of who you've borrowed from, how much and how you pay them back. This score determines your fate as far as future borrowing. The lower the score the less chance a lender will approve you. The higher the score not only puts you in the running but could even reduce the amount you will have to pay back. Credit scores range from somewhere in the 400's to 800's. Usually scoring in the mid 600's, maybe less, is  safe enough for serious consideration for

approval.