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A credit report is basically a compilation of your credit history. Your credit score is an estimate of your credit risk, which is based on your credit report. Lenders use this data to determine how likely you’ll be to repay a loan or line of credit. The lower the credit score, the harder it will be to get approved for a loan or land a good interest rate.

However, the impact of your credit score and credit history doesn’t stop with lenders. It can actually affect many other aspects of your daily life. For starters, did you know…?

Did you know credit can impact your ability to land a job?

Are you in the job market? According to a 2010 survey by the Society for Human Resource Management, 13 percent of companies checked credit reports of all candidates when evaluating potential hires. About 47 percent checked select candidates.

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