Credit reports versus scores

The information in your credit report is used to create a number – or credit score – that lenders use to make decisions on whether to extend credit or what interest rate to charge. Referring to a score is easier and quicker for a lender than reading through an individual’s credit report history.

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Talking with your family about financial difficulties

A drop in income due to changes in salary or wage deductions can be a scary and unsettling situation for both adults and children. It is important to talk through the situation with family members as quickly as possible–even though it may be hard to do.

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