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• A number that summarizes your credit record and history. The score is based on several factors, including whether you pay your bills on time, your current level of debt, the types of credit and loans you have, and the length of your credit history. Lenders and insurers use your credit score and information from credit reports to set loan and insurance rates.
  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
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  Cite Definition for Credit score

  American Psychological Association (APA)

  Credit score. (n.d.). Credit Card Consumer's Guide. Retrieved November 27, 2022, from website: http://www.expertglossary.com/definition/credit-score.

  Chicago Manual of Style (CMS)

  Credit score. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/credit-score (accessed: November 27, 2022).

  Modern Language Association (MLA)

  "Credit score." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 27 November. 2022 http://www.expertglossary.com/definition/credit-score.

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