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As credit card accounts, car loans , and the like are paid off, the way in which they were paid will determine just how easily and at what cost interest wise borrowing again will be. Keeping that 637 credit score will help in obtaining another loan but having a score of 700 or better will be even more likely to work and additionally that person will be offered a better rate of interest and that saves money...
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For those that want to know how do I check my credit score, it only takes a few moments. The Fair Credit Reporting Act requires the three largest bureaus to offer a free report one time per year. free business credit reports This allows you to check for any errors and have the chance to fix them. You can log onto each of the agencies directly to pull a report. The report gives your overall repayment history, while the FICO is the Fair Isaac number set up for creditors to check a minimum number to qualify for loans.
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