What is the difference between a Credit score and a Credit report ?

A credit score is a number that represents all the information that is in your credit file, and shows how good you are at managing credit. The higher the score, the better your chances are for getting a loan or credit, because potential lenders see you as lower risk. Your credit report is a summary of the important information that is on your credit file, such as who you owe, how much and if you have been good at paying them back. For more information, go to the learn section of TymeCoach, or contact Compuscan on 021 888 6000.

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