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Understanding Credit Scores

When checking my credit scores, I find that one monitor has one score the other another both, Experian. Which do I believe?

By lizzijit from Port Charlotte, FL


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October 9, 20130 found this helpful

Each credit reporting agency has their own criteria that they use for scoring. They are all correct. You can buy a FICO score that is a kind of blending of all three. Most companies just use a total such as "to get a mortgage, your score must be over 600". Scoring is not always as important as the individual accounts. Some places never look at your score. Hope this helps.

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October 9, 20130 found this helpful

You can't believe any of them. Consumers Report mag. did an article about this and the bottom line is they really won't tell you the truth! My guess is that a banker somewhere in time came up with the idea of a credit bureau.


Why? If you're rated a fair or poor risk they can get away with charging you outrageous interest & fees. They also discriminate against people but oh wait-it's not politically correct to say that. Think about it.

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