Credit Score Systems

Understanding Credit Score Systems

Credit score systems have been in place since the 1950s. Since the systems were introduced, the methods for calculating individual scores have become much more unified across the three national credit bureaus—Experian, Equifax, and TransUnion—though there are still differences. It is also important to note that different creditors report different information to each of these credit bureaus. This can account for the differences in information, as well as the overall score discrepancies as calculated by the different bureaus.

If you want to thoroughly investigate your credit score, it's a good idea to review the information from all three bureaus since scores are calculated based on the information in your credit report. For many people, reviewing a report is the best way to discover identity fraud, misinformation, and inaccurate marks on your credit history.

Credit scores can be purchased along with your credit reports. More important than the scoring alone is how you rank on the scale being used. Many scoring models are popular today. Scores are calculated by taking information such as how much money is owed and your payment history, and then comparing your performance to other individuals with similar profiles.

A credit score is taken into account, along with creditors' individual cut-off points and underwriting criteria when applying for new loans. If you have a low credit score, you may be subject to higher interest rates and less appealing terms.

Credit Reporting with

Because of the difference in the availability of information from creditors, individual reports usually display an incomplete picture of your credit history and rating. Moreover, gathering information from each reporting agency and combining the individual reports for financial planning can be a complicated and expensive process. gives you access to credit reports from all three reporting agencies. In addition to providing you with usable information that you can rely on, makes retrieving reports fast, easy, and extremely cost effective. Reports from provide you with an in-depth analysis of your credit scores, ratings, rankings, and history in a simple and easy to understand way. With the availability of this information, your financial planning and management for investments, loan applications, rental housing, and employment can become more organized and convenient.

In addition to all these benefits, offers comprehensive security features to safeguard users against identity theft and fraud. employs the industry standard 128 bit encryption to ensure that only you have online access to your credit files. The company also offers a 24 hour credit monitoring service to detect any significant changes to the account holder’s files.

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