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Whats to know about credit scores?

April 26, 2017credit scores

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Whats to know about credit scores?

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Credit Bureau Scores are one of the many elements that are reshaping today’s mortgage industry. Credit scoring has been around since the 1950s, and Credit Bureau Scores-scores based solely on credit bureau data-became widely available in the 1980s. Today, Credit Bureau Scores are used extensively in such industries as bank card and auto lending. The following are answers to frequently asked questions by those new to credit scoring in mortgage.