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Is my credit rating legaly binding?

Binding Credit rating legaly
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Posted

Is my credit rating legaly binding?

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A credit rating has no legal status but credit providers need to decide if you are a good risk before they lend you the money so they check your credit report. They do not need to check the report (but most do) or even rely on the report they could simple ask you questions to help them decide if they should give you credit and at what cost.

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