Credit 101

Is There Only One Credit Score?


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It’s one of the most common misconceptions about credit that persist today: many people think they have just one credit score. However, it’s simply not the case. The reality is that there are hundreds of different credit scoring models that can process the information in your credit report that a credit score can consider in its calculation. If that’s surprising to you, it may be time to give a listen and grow your knowledge about credit scores a bit. Knowing more about the different types of credit scores available to you and your prospective lenders can help you identify which will be important to keep track of as you work towards your next financial goal.

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Credit 101By Experian