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What Does “Your Credit” Mean?

When a lender looks into “your credit”, they’re looking at several pieces of information. This includes:

  • Your credit report
  • Your credit history
  • Your credit score
  • Your credit accounts
  • Your credit limit

This all adds up to a picture of your responsibility with debt and credit. Think of it as your “credit character.”

Your “credit character” is a snapshot of how you manage money and financial responsibilities.

Just like your character in real life is a picture of how you manage responsibilities, your “credit character” is a snapshot of how you manage money and financial responsibilities. Your credit character could be good, average, or bad.

Expert Advice

Joann Needleman, Consumer Financial Protection Board CAB Member

“Bad credit entraps people. Good credit liberates people. Having and maintaining good credit provides a lot more opportunities than bad credit does.”

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