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Understanding the Importance of Your Credit Score
Your credit score is more than just a number; it's a crucial financial tool that affects your ability to borrow money, rent an apartment, or even get a job. A higher credit score can lead to lower interest rates on loans and credit cards, saving you thousands of dollars over time. According to Experian, a leading credit reporting agency, a good credit score can range from 670 to 739, while a score above 800 is considered excellent1.