Credit scoring systems are often used by lenders to determine your creditworthiness.

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Credit scoring systems are commonly used by lenders to assess the creditworthiness of borrowers. These systems use various factors such as credit history, payment history, outstanding debts, and length of credit history to calculate a credit score, which is then used to determine the likelihood of a borrower paying back a loan on time.

Credit Scoring Systems Are Often Used by Lenders to Determine