A credit score is a three-digit number derived from a mathematical interpretation of the information in a person’s credit files. Lenders report this information based on a person’s credit-related activity, which includes things like mortgage payments, credit card balances and credit inquiries. This information also might include public records, such as tax liens and other information from government sources. The credit files are maintained by the three national credit reporting companies (CRCs): Equifax, Experian and TransUnion.
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