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Perhaps you are not aware of it, but a great deal of your life may depend on a special number. Your credit score. That is a statistic gives tells banks and lending institutions a measure of your credit worthiness. If you have never had any problems with your credit in your life, you may never even have given much thought to your credit score. But it is a number that has affected the lives of many people who have found themselves unable to buy a house or a car, or get a loan or credit card to pay for their daily expenses.

Your credit score is determined by the major credit reporting agencies. Your local bank or lending institution consults with one or more of these agencies to find out your credit history. Your credit score plays a big part in this, and can determine whether or not you can get approval for a loan. If you have a low credit score, then creditors may not want to take the risk of lending you money. If you do get a loan, you may be forced to accept it only on the condition that you pay a higher interest rate to offset the risk your creditors are taking.

What all this means is that you have to be aware of the state of your finances, and especially know what credit score you have. And just like the banks, you can get this information from a credit reporting agency. You can go through the agency to purchase a copy of your credit report. This is a document that provides details about your credit history and your record of payments, and it basically gives you an idea of how your creditors will see you as a loan applicant.

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To find a credit reporting agency, you can simply go online and do a web search for the term "credit agencies." This will give you a list of results that will probably lead you to one of the three major credit agencies in the USA. These would be the Equifax, Trans Union, and Experian agencies. They are the ones who are responsible for calculating your credit score and providing your credit report to banks and other lenders.

It is advisable to get a copy of your credit report regularly you can keep track of any changes in your credit score. If you see that your score is getting worse, then you can compensate by ensuring full and timely bill payments in the future. Then you can expect your credit score to gradually improve. Using credit agencies can provide you the information you need to be aware of any potential problems with your credit standing.