Credit scores are the result of mathematical formulas that use the information in your credit report to calculate a value which suggests how likely you are to pay your bills in the future.
The credit scores you get from different companies will not be the same. There are a number of reasons for that:
- There are many different formulas used to calculate credit scores. The differences in the formulas may lead to differences in your credit scores.
- Companies may produce scores that give results on different scales.
- Businesses don't always report to every credit reporting company, and even when they do, they may send their information on different days. This means that on any given day, the information that one credit reporting company has may differ from the credit activity being reported to another credit reporting company.
- Businesses use credit scores to estimate how likely you are to pay back loans or services. People with higher credit scores may be more likely to pay back their debts. People with lower credit scores may be less likely to pay their debts.
Don't worry no more because with My credit score you will be able to:
Check your score:
-See your free credit score whenever you like without hurting your credit. Plus, your info is updated every seven days.
-Track your VantageScore 3.0 and know when things change with 24/7 access to our free credit monitoring tool.
Build over time:
-Build your credit with personalized tips and a suite of tools. Learn from our expert staff, and trade ideas in our Community forum.
My credit score demystifies the elements of your credit score, pointing out what has the biggest impact and how youre doing on each. Youll know what things like credit utilization mean and why its a big deal for your score. Expert tips and answers make managing your credit easier than ever.
Your credit score simulator lets you see how small shifts can mean big point increases. Explore actions like raising the limits on your cards, applying for new credit or extending your streak of on-time payments.