Impact on your credit profile

Your credit score is based upon information held in your credit report, also known as your
credit file. Your credit score will help a lender see how reliable you are at managing your
finances and is likely to influence their decision if you are looking for a loan or a credit card.
Your personal credit score is built on your credit history. A decent credit score is essential
for your financial wellbeing because the higher it is, the more likely you are to be in control
of your finances.

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