Credit Report

• A credit report is a review of an individual's financial history. Credit reports contain information on a person's account records, debt and personal information. Creditors report to the three major credit bureaus, Experian, Equifax and Trans Union, on a monthly or bi-monthly basis.
  
  

Credit Score

• A credit score is calculated using the information contained in a credit report. Credit scores are generated based on a variety of factors such as number of revolving accounts, age of accounts and credit utilization. FICO credit scores range between 300 and 850. A higher score indicates a more worthy credit candidate.
  
  

How to Obtain a Credit Report and Score

• There are multiple companies that provide consumers with a copy of their credit report and score for a fee. The Fair Credit Reporting Act allow individuals to receive a free copy of their credit report from all three bureaus. The score is not included. Visit annualcreditreport.com for a free report. Typically, a good credit report indicates a good credit score.