| Protect Your Score | ||
ProtectMyID.com Get Free Trial Now! Protect Your Cards. Service helps users replace lost and stolen bank and credit cards. Internet Scan. Looks for possible illegal uses of your identity on the Internet. Covers your Social Security and credit card numbers, as well as bank accounts. Catch other people when they use your information without authorization. More Of This... |
TrueCredit.com Get Free Trial Now! 3 Bureau Scores. Free online access to national credit bureau scores from TransUnion, Equifax and Experian. Check for consistency and evaluate credit health. 3 Bureau Monitoring. Checks your TransUnion, Equifax and Experian credit profiles daily for changes that are made. Notifies you through email or cell phone of any changes. More Of This... |
FreeCreditScore.com Get Free Trial Now! Experian Credit Score. Get your score online for free in minutes. Compare with national averages. Evaluate your credit health. Credit Score Estimator. Simulate credit-related financial decisions and see how they may affect your credit score. Prepare for the future. Plan ahead. Learn to better manage your credit. More Of This... |
The Different Credit Scores
When people look for their credit score, they'll usually find that there's an assortment of credit scores they can choose from. It really can be confusing. Are they all the same and if not which one is better and which one do lenders look at? The answer to those questions are no, they're not all the same and most people look at an individual's FICO score.Now to elaborate. Credit scores are used by lenders as indicators for credit risk. These numerical values fall in between different ranges to show the different levels of credit worthiness. Each of the credit bureaus compute their own credit scores based on the credit history of an individual. So when people pull up their credit reports, they'll have an Experian, Equifax, and TransUnion credit score. Experian calls their credit score the Plus Score. TransUnion calls its credit score the TransRisk Credit Score. Equifax calls its credit score the BEACON Score, but actually has partnered up with a company called Fair Isaac to provide a FICO score. So the Beacon score is equal to a FICO score.
The most important credit score to know is that of one's FICO score. Over 90% of businesses and lenders use this score. Thus it's important to see this score and to keep it up in good standing. The other credit scores might be looked at on occasion, but everyone looks at the FICO score.
There's another type of credit score called the Vantage Score. The Vantage Score is a credit scoring system built by the three credit reporting agencies Experian, Equifax, and TransUnion. Some people say it's a competing type of credit score to that of Fair Isaac's FICO Score. Probably the credit bureaus didn't like the monopoly FICO has so they banded together to compete in business with Fair Isaac.
CreditReportProtect.com and the featured sponsors/paid ads on this website are NOT affiliated to the annual free credit report program. According to FTC(via ftc.gov), everyone has the right to receive a free copy of their credit report once every year from each of the three nationwide consumer reporting agencies. To get your free annual report with respect to this law, you need to visit www.annualcreditreport.com.
Comments:
Please note that articles on this site are not to be considered as legal or professional advice, and are to be used for personal education purposes only. We don't warrant any products or articles on this site. Please read all fine prints if you decide to try out any of the products featured on this site. It is your responsibility to cancel if you don't want to continue with any of services you try. Emailing CreditReportProtect.com will not cancel your trial and/or subscription, we operate independently from all listed featured sponsors thus have no access to your personal accounts.