How a Credit Score Formula Works
Posted by Goody on 07/13/08 in Finance
What is credit scoring and how it affects you financial life.
There is not just one credit score formula, there are several. Each is slightly different and your score may depend on the type of loan you are seeking. Credit score formulas are proprietary and often closely guarded secrets. In addition to the purchasable credit scores offered by these companies, simulators powered by the leading credit scoring services are available online to give you an estimate of your credit score.
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