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Your credit report score or Beacon score, as you might hear it called, is a direct reflection of your payment history and how you have handled financial hardships that may have made money difficult to budget. The final credit report score is somewhere between 300 and 800 points. Depending on your history you may or may not be shocked at the effect that some seemingly minor things have had on your credit report score. Applying for loans, housing or certain employment will constitute a recent enquiry and a drop in the credit report score if you are unsuccesful in your application. Making late payments, forgetting about a doctor’s bill, receiving a letter from a collection agency or filing for bankruptcy can all lead to a decrease in your credit report score.