December 13, 2013
What is the difference between a credit report vs. a credit score?
What is the difference between a credit report vs. a credit score?
A credit report contains information dealing with a person’s credit history. This information comes from lenders, utility companies, landlords, etc. The information is compiled by one of the three major credit-reporting agencies (Equifax, Experian, or TransUnion). The credit score is the numerical value assigned to the information in your credit report.
A credit report is a record of an individual’s past borrowing and repaying, including information about late payments and bankruptcy. Credit report information typically sourced from credit bureaus.
A credit score is a number that expresses a person’s creditworthiness based on an analysis of the person’s credit files; including a credit report. Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits.
I am shocked no one answered yet! A credit report is a record of an individual’s or company’s past borrowing and repaying, including information about late payments and bankruptcy. A credit score is a number assigned to a person that indicates to lenders their capacity to repay a loan. The credit score is built by using your pre-existing credit and paying it off well.
A credit report is the record of a consumer’s credit history. A credit score is the number that summarizes a person’s credit record and history. It’s a numeric “grade” of the consumer’s financial reliability.
A credit report is a transcript of all the credit-related decisions you’ve made throughout your life. It includes credit card accounts, mortgages, student loans, etc. It can also include non-credit information, such as utility payments. A credit score is a grade that’s given to you based on your credit report. This will be a three-digit nuumber and will be somewhere between 300 and 850, with 850 being the most ideal.
Spam caught a few of you, which delayed your posting. Sorry about that. Chris ended up being the first person to answer the question correctly. Well done.
A credit score is a rating based on your history of paying your debts (good or bad). A credit report tells you what that score is along with the details of your payment history. Finally a question that i know the answer to!
For car loan its quite up to close at all.For car purchase if was going to close them paitrcularly just before applying for car purchase if was going to close at all.The car loan its quite bit theres no reason to close at all.