Before applying for a loan on a loan app, individuals must understand their eligibility. One very simple way to do this is by checking the credit score. This three-digit number gives lenders insight into a borrower’s creditworthiness. It thus plays a key role in determining loan eligibility and terms for potential borrowers. A good credit score may often lead to lower interest rates and quicker approvals when applicants meet other criteria like income, age, and more. Regularly monitoring one’s score also helps in identifying and correcting any errors in the…
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