What is a Credit Score?
A credit score is an indication of your risk to future creditors (Housing Providers, credit card companies and financial institutions). You likely have many credit scores with multiple Credit Bureaus.
You don’t just have one credit score. There are many different scores provided by different companies that are used to help predict how likely you are to pay your bills on time.
Credit Score overview:
- There are many different credit scores, provided by various companies, that help predict how likely you are to pay your bills on time
- Scores are calculated from your credit report (typically 300–900)
- Lenders may use different scores and other info when deciding to extend credit
- Scoring models may vary by industry or Credit Bureau