When I ask people if they’ve checked their credit report or credit score (yes, there’s a difference), most they tell me they haven’t – although they agree it’s a good idea.

A credit report will list your history of payments, what types of credit you have, and how much of it you are using. A credit score gives you a number which essentially sums up all that information and tells lenders how much of a default risk you are, or, how profitable you can be for them.

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