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Choosing the right financing tool—a credit card or a loan—becomes much easier when you know what you want. No credit type is better than its counterpart. You only need to understand your options and what suits your financial situation best. Here are five things to consider before choosing a financing option. Credit Score Requirements Let’s start with your credit score, the three-digit number that opens (or closes) doors to financing opportunities. For both credit cards and loans, your credit score is like a VIP pass; the higher it is, the better the offers you receive. Credit card companies and lenders…