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Does Income Affect Credit Scores

Income is not part of a credit report and is not considered by credit scoring systems. Lenders are interested in your credit history and your responsibility in repaying your debts, regardless of how much money you make.

Simply because a person has a lot of money doesn’t mean they will use that money to pay their debts. So, the likelihood that a person will repay their debts is based on how they’ve paid previous debts, regardless of income.

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Scoped on: 03/22/2016

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