When credit scores are important in getting a loan, they're not the only factor, according to Maryalene LaPonsie of U.S. News & World Report.

However, some financial experts say the role of credit scores may be overblown. "It is a very useful tool, but it's just one tool," says Kathleen Lindquist, a certified financial planner with San Diego Wealth Management. In addition to credit scores, lenders may look at everything from your housing history to your social media presence and credit decisions.

LaPonsie identifies seven factors that could also play a role in whether someone is approved for a loan. They include proof of income, investment statements, employment history, housing history, debt-to-income ratio, recent payment history, and even social media usage.

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