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One of the major financial obstacles for consumers in the United States is not having a credit score. Not having a credit score, otherwise known as “credit invisibility,” can create problems for acquiring loans, applying for jobs, or gaining access to housing. Continue reading to find out more about why you might not have a credit score and what you can do to get one. The Minimum Credit Scoring Criteria To get a credit score, you must meet the minimum criteria. Depending on the credit scoring model you use to view your score, the requirements might differ. Let’s start by…

While monitoring your credit score won’t improve your credit score, it can provide you with the support that you need to get your credit score to the next level. Prior to getting started, it is very important that you understand the difference between your credit score and your credit history. Your credit score is an algorithm that gives you a three-digit number based on a mix of credit information while credit history is aggregate data regarding your borrowing.   Monitoring Your Credit Score Can Motivate You No matter what your credit score looks like right now, you might consider signing…