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What are the factors that are considered when calculating a credit score?
Manage episode 317367643 series 2846264
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Credit building depends upon various financial activities and credit factors. When you check your credit report, you will find various factors with varying degrees of impact on your credit score. The most important factors are payments, credit accounts, applications, credit utilisation ratio, and credit age. Let us explore in detail how these factors are used for calculating your credit score.
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