whats the difference between a credit report and a credit score??

Answer 1

A Credit Report lists all your tradelines (loans, credit cards, etc) information (balances, mo payments, times you've been late, etc), previous addresses you've had, variations of your name, date of birth, and other information.

A Credit Score, is the overall numerical rating that you receive based upon the status of your different tradelines.

Answer 2

A credit report gives a history of your credit, what credit cards you have or may have had, any pending lawsuits or judgments etc. It just tells about you. The credit score is what most creditors want to see, based on your record it goes up or down and obviously the higher the score (700 or better) the better will be an offer of credit. The lower..you get the point.

Although I don't always believe some of this crap, it does help to keep your credit up as it might help you in the long run.

Answer 3

A credit score is a simple number derived from several factors in your credit report. A credit score reflects a general idea of how likely you are to be able to repay a loan of a given amount.

A credit report is the raw data, which includes things like credit history, payment habits, income, debt to income ratio.

Answer 4

A credit score is a number that tells lenders how risky it will be to loan you money. You will have three different credit scores, one from each of the credit reporting agencies. Lenders usually go by the middle one

A credit report is more indepth and gives information on all accounts you have. Good and bad. it can also have employment information and past and current addresses.

Answer 5

A credit report lists all of your credit activity and the score is derived from how you manage your credit.

Answer 6

report lists all your credit activity both current and closed. shows how much you owe and to whom as well as whether or not you have been paying on time and to show collections and bankruptcies if you have any. credit score is your defining number or your credit worthiness. there are 3 different reporting bureaus, equifax, experian, transunion, and all three use different factors in calculating your score. due to the discrepancy, ususally the middle of the three scores is your "credit score"

Answer 7

a credit report has all of ur credit cards, the high limit, how much ur last payment was, if u ever payed late, if you have loans, etc.. the credit score is just how they rate all of that.

Answer 8

FICO score is a rating to determine interest rates on loans, etc. Report is details about a ccts and payment history.