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The Mechanics of Credit Score and Bad Credit Financing

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The Mechanics of Credit Score and Bad Credit Financing
In the finance world, your credit score matters a lot. It dictates the terms and conditions of a loan, the monthly premium you pay, whether or not you can get a loan from a bank, and sometimes whether you can rent an apartment or not.
 
If that three-digit score is so important in determining your creditworthiness, why not understand its mechanics in simple terms that you can comprehend.
 
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