When credit score scores have been invented only a few many years in the past, they have been hailed as a method to democratize lending. As we speak, 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 a protracted historical past — and a whole lot of 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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