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