When credit score scores had been invented just some many years in the past, they had been hailed as a method to democratize lending. Immediately, they’ve turn out to be so important that not having one can lock you out of every day life. Having a low rating could make life difficult, too.
These scores have an extended historical past — and numerous issues. On this video, we’ll present you the place they got here from, how they’ve modified through the years, and clarify what that three-digit quantity means for you.
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