Curious Why Credit Scores Vary So Much

For anyone in the market for a new house, an addition, or a new car, a low credit score can cost you thousands if you borrow.
Americans rely heavily on cars and credit cards, and when a credit score gets in the way of obtaining one or both of these items, it can make life difficult.
Trouble follows the repo man -- trouble for your credit score and your chances of getting a loan in the future. What's more, you could still be required to pay for the car even if it is repossessed.
Your credit score determines whether you can get a mortgage, car loan or credit card and how much interest you will pay. Many people out of work and behind on their bills have seen their credit scores drop dramatically. But you can rebuild your score with the right strategy. Alexis Yancey profiles a woman who did in today's KERA economy segment.
Your credit score determines whether you can get a mortgage, car loan or credit card and how much interest you will pay. Many people out of work and behind on their bills have seen their credit scores drop dramatically. But you can rebuild your score with the right strategy. Alexis Yancey profiles a woman who did in today's KERA economy segment.
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