Fact File: The Importance of Credit Reports & Credit Scores

In many ways, a credit report is the gateway to financial opportunity, determining who has the chance to build wealth and security and who does not. A poor credit score or a lack of documented credit history can create a vicious cycle, shutting consumers out of opportunities for lending, housing or even employment, thereby making it harder or even impossible to purchase the assets that lead to long-term financial well-being.
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