There is no doubt that many Americans raise questions about credit scoring. The process it takes to find out what that credit score is and if it is fair to judge a person’s creditiblity on that score. This is a big problem with young America and some middle class people. Something’s that are in your credit score does not give a real look at what is going on in the life of the actual person and how they have come to the point they are at. Although people do not have control of something’s that happens to them financially, the lenders still need a system or guide to measure the risk that it takes to give out money. Which brings us to believe that credit score are a fair measurement to help lenders estimate potential risk. Things that make up a credit score are a person’s payment history, amount owed and length of credit history just to name a few. Payment history is 35% of your credit scores, amount owed or debt to credit line ratio is 30%, length of credit history is 15% and inquires meaning creditor checks your credit is 10% according to
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