answersLogoWhite

0


Best Answer

Actually, there is a formula made up by Fair Isaac that computes your score and it is called your FICO score which use to be used by the 3 major Credit Reporting Bureau's, now they are using a new scoring system called Vantage. FICO is still around and used primarily by mortgage lenders and actually is the preferred scoring system.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the three main types of credit score?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What are the three main credit score companies in the USA?

The three main reporting agencies are Transunion, Equifax, and Experian. They comprise are the scores that companies for loan and credit look at to see if a person is credit worthy.


What are the three credit score companies?

The (3) main credit bureaus that give you your free annual credit report are: TransUnion, Equifax, and Experian. There are a couple more credit bureaus but these 3 are the main ones.


Is TRUECREDIT connected to any of the top three credit score reporting companies?

Yes, true credit is one of the main credit companies, that reports your credit score to two other main ones. All of these companies are connected by a company called trans-union. Good luck.


Does the credit score of an authorized user on your credit card affect your credit score?

No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores


How can you check your credit score online?

By law the three main credit reporting agencies (Equifax, Trans Union, and Experian) must give you at least one free credit report a year through "Annual Credit Report". Unfortunately, this report does not have to contain your credit score. If you really need to know your actual score, there are dozen of websites (like Free Credit Report) that will give you your credit score. Be CAREFUL that the vast majority of these sites will sign you up for a monthly service that you have to cancel unless you want to pay.

Related questions

Where can I get an online credit score check for a job?

There are three main credit bureaus to contact for you credit score. This would be Esperian, Transunion, and Equifax. All three will give you a most rounded average to use on any credit application or proposal, granted that it is a decent score.


What are the three main credit score companies in the USA?

The three main reporting agencies are Transunion, Equifax, and Experian. They comprise are the scores that companies for loan and credit look at to see if a person is credit worthy.


What are the three credit score companies?

The (3) main credit bureaus that give you your free annual credit report are: TransUnion, Equifax, and Experian. There are a couple more credit bureaus but these 3 are the main ones.


Is TRUECREDIT connected to any of the top three credit score reporting companies?

Yes, true credit is one of the main credit companies, that reports your credit score to two other main ones. All of these companies are connected by a company called trans-union. Good luck.


What credit information categories make up the credit score?

The credit score is generally made up of five main categories: payment history, amount owed, length of credit history, new credit, and types of credit accounts. These factors weigh different aspects of your credit behavior to assess your overall creditworthiness.


What and where do one find credit agencies?

The three main credit agencies are Experian, TransUnion and Equifax. They have websites and they will give you your FICA score and credit report for free once a year.


Does the credit score of an authorized user on your credit card affect your credit score?

No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores


What are three types of main clouds?

The three main types of clouds are...cumulusstratuscirrus


How can you check your credit score online?

By law the three main credit reporting agencies (Equifax, Trans Union, and Experian) must give you at least one free credit report a year through "Annual Credit Report". Unfortunately, this report does not have to contain your credit score. If you really need to know your actual score, there are dozen of websites (like Free Credit Report) that will give you your credit score. Be CAREFUL that the vast majority of these sites will sign you up for a monthly service that you have to cancel unless you want to pay.


How can one get a free fico report?

You can obtain a free credit score once per year as set out by the government. The three main credit bureaus are TransUnion, Equifax, and Experian. By contacting them and providing the necessary personal information you can obtain your credit score once per calendar year at no cost.


What are the names of the three main credit bureaus agencies?

In the USA, the three main credit bureaus are Experian, TransUnion, and Equifax. In the UK, the three main credit reference agencies are Experian, Equifax, and Callcredit.


Finding Your Credit Score Online?

Knowing your credit score is important because your credit history is the main factor that determines whether or not you can qualify for a loan to make any major purchase from buying a home to an automobile. You can quickly find out your credit score online by visiting the homepages of one of the three credit bureaus that track this information. Equifax, Experian and TransUnion all have websites where detailed credit reports are available for individual customers. These reports offer a credit score and breakdown what factors, such as debts or late payments, are influencing your individual credit.