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Federal Reserve Bank of Cleveland
Economic Commentary
Your credit score is a ranking, not a score
Yuliya Demyanyk

With credit scores affecting so many important aspects of our lives, it’s no wonder that people are concerned with improving their scores. Once they start to pay attention to them, though, consumers often find their scores changing in unpredictable ways. Knowing that your score is not a rating of your creditworthiness but a measure of where your creditworthiness ranks relative to everyone else is the first step in understanding your score and how to manage it.

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Yuliya Demyanyk, "Your credit score is a ranking, not a score" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Nov, 2010.
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Keywords: Credit ratings; Consumer credit
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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