You might not be aware of it, but there is such a thing as a credit score. Just as the success of your Facebook posts can be gauged by the reactions of your followers, credit scores are indicative of your performance when it comes to repayment of loans and debts.

While the number of your followers and level of engagement shape your social media standing, lenders look to your credit score to determine if they should lend you money, or allow you to take out loans so that you can afford the things you need. These can range from items such as gadgets and appliances, to bigger investments such as cars and houses.

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