HOW TO DISPUTE CREDIT REPORT ERRORS

Your credit report contains information about where you work and live and how you pay your bills. It also may show whether you've been sued or arrested or have filed for bankruptcy. Companies called credit reporting agencies (CRAs) or credit bureaus compile and sell your credit report to businesses. Because businesses use this information to evaluate your applications 17517u2013r for credit, insurance, and employment, it's important that the information in your report is complete and accurate.

If you've been denied credit, insurance, or employment because of information supplied by a CRA, the Fair Credit Reporting Act (FCRA) says the company you applied to must give you the credit agency's name and address. If you contact the agency for a copy of your report within 30 days of receiving a denial notice, the report is free.

If you simply want a copy of your report, call the CRAs listed in the Yellow Pages under 'credit' or 'credit rating and reporting.' Because more than one CRA may have a file on you, call each one listed until you locate the agencies maintaining your file. Expect to pay a reasonable charge for each report.

Many of your rights under the FCRA will change September 30, 1997. A new brochure explaining these rights will be available from the FTC then.

Under the FCRA, you have the right to dispute the completeness and accuracy of information in your credit file. When you contact the reporting agency to dispute information in your report, the agency must reinvestigate and record the current status of the disputed items within a 'reasonable period of time,' unless they believe the dispute is 'frivolous or irrelevant.' If the credit reporting agency can't verify a disputed item, they must delete it.

If your report contains erroneous information, the CRA must correct it. If an item is incomplete, the CRA must complete it. For example, if your file shows that you were late in making payments on accounts, but fails to show that you are no longer delinquent, the CRA must correct the report to show that your payments now are current. Or if your file shows an account that belongs only to another person, the CRA would have to delete it. Also, if you request, the CRA must send a notice of correction to anyone who received your report in the past six months. Job applicants can have a corrected copy of their report sent to anyone who received a copy during the past two years.

If a reinvestigation doesn't resolve your dispute, the law allows you to file a statement of up to 100 words to explain your side of the story. The CRA must include the statement with every request for your report. CRA staff can help you prepare the statement.

Accurate negative information can stay on your report for 7 years; bankruptcies for 10 years. Also, any negative information may be reported indefinitely for use in the evaluation of your application for:

* $50,000 or more in credit;

* a life insurance policy with a face amount of $50,000 or more; or

* consideration for a job paying $20,000 or more.

You must direct your dispute to the CRA. Although the FCRA doesn't require it, FTC staff recommend that you submit your dispute in writing, along with copies (NOT originals) of documents that support your position.

Your letter should include your complete name and address, clearly identify each item you dispute, explain why you dispute the information, and request deletion or correction. You may want to include a copy of your report with the items in question circled. Your letter may look something like the one at the end of this brochure.

Send your dispute letter by certified mail, return receipt requested, so you can document what the CRA received. Keep copies of your dispute letter and enclosures.

Your credit file may not reflect all your credit accounts. Although most national department store and all-purpose bank credit card accounts will be included in your file, not all creditors supply information to CRAs: Some travel, entertainment, gasoline card companies, local retailers, and credit unions are among those creditors that don't.

If you've been told you were denied credit because of an 'insufficient credit file' or 'no credit file' and you have accounts with creditors that don't appear in your credit file, ask the CRA to add this information to future reports. Although they are not required to do so, many CRAs will add verifiable accounts for a fee.

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Who has the most accurate credit report Burley House, 12 Clarendon Road, Leeds, Yorkshire, LS2 9NF

Who has the most accurate credit report

Who has the most accurate credit reportACCURATE PROFILES LIMITED Credit Report

Unlock any potential risks associated with ACCURATE PROFILES LIMITED based on in-depth analysis of year on year financial performance, Companies House records, CCJs and official gazette data.

Includes free credit report updates, email alerts and Companies House documents.

Who has the most accurate credit report

Ranked from 1 to 100, the score indicates the likelihood that ACCURATE PROFILES LIMITED will become insolvent within the year. We continuously monitor for risk related events and update you whenever there’s a change.

Who has the most accurate credit report

The recommended credit limit ensures credit terms can be agreed with confidence. Calculated by analysing annual financial records and live events, the credit limit is adjusted whenever the company’s ability to pay comes into question.

Who has the most accurate credit report

Review the dates and values of any paid or unpaid CCJs registered against ACCURATE PROFILES LIMITED within the last 6 years. Judgements refer to a debt settled via court and have a substantial impact on the company's credit rating.

Who has the most accurate credit report

See the combined value of all satisfied and outstanding loans recorded at Companies House. You can easily analyse further by type, date, status and who the debt is owed to as these reports are provided as interactive tables.

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Understand the key events that contribute to ACCURATE PROFILES LIMITED's current credit status. From financial and industry analysis, to director and group performance, understanding the methods used to calculate risk ensures you can make informed decisions with confidence.

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Understand the people behind the business. Visualising current and historic appointments, the timeline gives a quick overview, while the full breakdown includes the role of individuals within the company, how long they’ve been involved in the business and appointments at other companies.

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Who has invested in this company? Review the top 20 shareholders including name, capital, share value, type and % ownership.

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Is ACCURATE PROFILES LIMITED a subsidiary of a larger holding company? Understand where this company sits within the group structure. Includes name and address of the ultimate holding company (parent) and all subsidiaries.

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A timeline of key events going back to incorporation. The event history pinpoints newsworthy updates including change of name, director appointments and Companies House document filings.

Who has the most accurate credit reportACCURATE PROFILES LIMITED Credit Report

Unlock any potential risks associated with ACCURATE PROFILES LIMITED based on in-depth analysis of year on year financial performance, Companies House records, CCJs and official gazette data.

Includes free credit report updates, email alerts and Companies House documents.

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  • Who has the most accurate credit report

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Fair and Accurate Credit Transactions Act of 2003

The Fair and Accurate Credit Transactions Act also referred to as FACT seeks to amend many areas the Fair Credit Reporting Act fails to address and provide solutions to these issues. The Fair and Accurate Credit Transactions Act of 2003 was passed by congress in November of 2003 and later signed into law by president Bush December 4, 2003. Fact was developed in response to the idea that credit was being issued unfairly and inconsistently. The Act is designed to remove discrepancies and improve the accuracy of the national credit reporting system. The act also addresses identity theft issues and outlines assistance to identity theft victims. It contains provisions enhancing consumer rights in situations involving alleged identity theft, credit scoring, and claims of inaccurate information. It requires use of consumer reports to provide information to consumers who are offered credit on terms that are not on par with the offers the creditor makes to the largest portion of its customers. Companies that share consumer information with partner companies must provide consumers notice and an opt-out for sharing of such information if the information will be used to try to solicit consumers. I believe this legislation to be of most importance to banking and credit consumers. I believe this legislation provides the framework to ensure a more efficient and fair credit system. FACT helps to establish procedures that ensure no one is being offered credit on terms related to social politics or other inapplicable things. One of the only negative outcomes of FACT for consumers is that it basically forbids states from enacting any other provisions or protections.

house, P. r. (2004, august). Privacy Rights Clearing House. Retrieved September 4, 2012, from https://www.privacyrights.org/fs/fs6a-facta.htm….

Credit Scores Are a Fair Measure to Help Lenders Estimate Potential Risk

. A good credit score can save consumers money with lower interest rates because lenders use it to determine credit risk. Lenders use different tools to determine risk; the most widely used tool is the FICO Credit Scoring system. Maintaining a satisfactory credit score is important because lenders consider this an important tool for determining credit risk. According to the Fair Credit Reporting Act, the definition of a credit score is “a numerical value or a categorization derived from a statisticaltool or modeling system used by a person who makes or arranges a loanto predict the likelihood of certain credit behaviors, including default (and the numerical value or the categorization derived from such analysis may also be referred to as a “risk predictor” or “risk score”); and does not include any mortgage score or rating of an automated underwriting system that considers one or more factors in addition to credit information, including the loan to value ratio, the amount of down payment, or the financial assets of a consumer; or any other elements of the underwriting process or underwriting decision” (FCRA §609(f) (2)). Although there are different types of credit scoring models, the most widely used is the FICO scoring system, created by Fair, Isaac, and Company. The factors that make up this score are as follows: payment history, new credit, amounts owed, length of credit history, and types of credit used. The length of time used for creating the score is.

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Fair and Accurate Credit Transactions Act of 2003

. Fair and Accurate Credit Transactions Act of 2003 The Fair and Accurate Credit Transactions Act also referred to as FACT seeks to amend many areas the Fair Credit Reporting Act fails to address and provide solutions to these issues. The Fair and Accurate Credit Transactions Act of 2003 was passed by congress in November of 2003 and later signed into law by president Bush December 4, 2003. Fact was developed in response to the idea that credit was being issued unfairly and inconsistently. The Act is designed to remove discrepancies and improve the accuracy of the national credit reporting system. The act also addresses identity theft issues and outlines assistance to identity theft victims. It contains provisions enhancing consumer rights in situations involving alleged identity theft, credit scoring, and claims of inaccurate information. It requires use of consumer reports to provide information to consumers who are offered credit on terms that are not on par with the offers the creditor makes to the largest portion of its customers. Companies that share consumer information with partner companies must provide consumers notice and an opt-out for sharing of such information if the information will be used to try to solicit consumers. I believe this legislation to be of most importance to banking and credit consumers. I believe this legislation provides the framework to ensure a more efficient and fair credit system. FACT helps to establish procedures that ensure no one is.

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. business practise that your company is currently involved in may be in breach of the Fair Trading Act 1986. Under Section 9 of act the “ No person shall, in trade, engage in conduct that is misleading or deceptive or is likely to mislead or deceive” Your conduct may also be in breach of sec 13(c) and (f) of this act. In order to comply with the Fair Trading Act, your company will need to (a) Get a mandate from the Dannevirke Lions to produce a publication in their name. (b) Genuinely produce a magazine that represents what you are selling. ( c) Only invoice businesses for advertisements that are placed without trickery or misstatement by representatives about previous contacts with the business (d) Receive genuine order numbers from business and use them with the intent that they were received. Part of our departments focus is to deter companies from practising outside of the Fair Trading Act, we would like to assist you in identifying the non-compliance issues and help you trade within the act. If you feel that your business functions appropriately and you are not willing to take the reasonable steps to rectify any inappropriate business processes then this department has legal procedures at its disposal. This act is of a consumer protection nature. Which is enforceable by our department. Should we decide to prosecute your company under sec 41 of the act we are limited to civil actions, these will not take the nature of fines, but an injunction on.

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. rights and Tele-marketing limitations. In conclusion, these acts the Do-Not-Call Act of 2003 and the Telephone Consumer Protection Act of 1991 does favor the Consumer Rights in which advice the Tele-marketers company or industry what rights we have and the legal laws that are in place and what is permitted if not you will be fined a hefty fee for breaking the law and behold on each violations as proposed in these Acts. As a Consumers of this nation I’m glad there is a National Registry list and these Acts were put in place and there been updated for the Information Technology that we have today in placed. I am a class member in the Recording Class Action Suit that was from July 13, 2006 to February 18, 2011 in which Midland Credit Management Inc. representatives of this company did not informed Consumers at the beginning of each call that the Call was recorded or monitored so things to this nature happens every day and if they are a victim they should report it too. Companies should be liable for their action and tactics doing business in this nation and respect Consumers privacy. References Bagner, J., Evansburg, A., Watson, V., & Welch, B., (2003, May) Do-not-Call program passes Congress and receives funding. Intellectual Property and Technology. (15.5), 20-21. (2012, June) Federal Register, (77), 112. Retrieved from http://search.proquest.com.ezproxy.apollolibrary.com.docview/1019774345. TCPA Compliance for Marketers. Trusted Form. Retrieved from.

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Health Practitioners Competency Act 2003

. appoint a particular professional conduct committee from time to time , to consider a complaint and make recommendation or determinations in relation to the said complaints.( Health professionals competency assurance assurance act,2005) Impact of Health Practitioners Competence Assurance Act: Impact of HPCA Act on nursing practice: A focus of the HPCA Act is that nurses are greatly responsible for maintaining their competence and the standards to work within their scope of practice to ensure the safety of the public. This act improves the scope for nurses because it prohibits those people to practice who are not entitled and qualified to be registered as nurse thus taking care of the safety of the normal public. The competence act ensure all the nurse-force is educated enough so that nurses work in a way that is appropriate and effective and acceptable in the current health system. The HPCA Act maintains the nursing standards of practice and education, which helps nurses to enable them to participate in policy development, strategic planning and implementation of decision affecting the health services. The most important thing is that it improves the nursing standards of nursing practice and improving the scope of nursing in a way that is fair , clear and effective by all means. (Health professionals competency assurance assurance act,2005) Impact of HPCA Act on patients: The Heath Practitioners Competence Assurance Act (2003 )is mainly about public.

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. equipment that resulted in new ethical issues of these three laws by these acts of Consumers rights and Tele-marketing limitations. In conclusion, these acts the Do-Not-Call Act of 2003 and the Telephone Consumer Protection Act of 1991 does favor the Consumer Rights in which advise the Tele-marketers company or industry what rights we have and the legal laws that are in place and what is permitted if not they will be fined a hefty fee for breaking the law and behold on each violations as proposed in these Acts. As a Consumers of this nation I’m glad there is a National Registry list and these Acts were put in place and there been updated for the information technology that we have today in placed. As a present class member in the Recording Class Action Suit that was from July 13, 2006 to February 18, 2011 in which Midland Credit Management Inc. representatives of this company did not informed Consumers at the beginning of each call that the Call was recorded or monitored so things to this nature happens every day and if they are a victim they should report it too. Companies should be liable for their action and tactics doing business in this nation and respect Consumers privacy. References Bagner, J., Evansburg, A., Watson, V., & Welch, B., (2003, May) Do-not-Call program passes Congress and receives funding. Intellectual Property and Technology. (15.5), 20-21. (2012, June) Federal Register, (77), 112. Retrieved from.

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. The Fair Tax Act of 2013 is an alternative tax plan introduced Senator Saxby Chambliss (R-Ga) to the Senate Finance Committee on January 23, 2013. Subsequently Senate bill S. 122 and House bill H.R.25 were written. The Congressional findings of the 113th Congress in regards to the Federal income tax, which prompted the introduction of this alternative tax plan, found that the present systems of federal taxation retards economic growth thus reducing the living standards of the United States citizens, impedes the International Competitiveness of Industry in the United States, lowers productivity, as well as a host of other negative findings attributed to our current Federal taxation scheme. Those that supported the introduction of this legislation have the belief that a consumption tax, which is the hallmark of the Fair Tax plan, would have a positive effect on savings and investment thus easing tax compliance resulting in an increase in economic growth and international competitiveness of American industries. Glen R. Hubbard wrote: “A shift from the current tax system to a broad-based consumption tax is best thought of as a two-step process”. His findings first conclude that most elements of consumption tax reform are consistent with moving to a pure income tax with uniform capital taxation. Once there, to get to a consumption tax the key element of reform would be the replacement of depreciation allowances for physical investment with expensing of capital assets. Both of.

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Uniform Electronic Transaction Act and Electronic Signature

. contracting issues that arise. UETA recognizes e-mail communications that contain digital signatures proof enough to enforce a contract. The act applies only to transactions between parties who have all agreed to conduct transactions by electronic means only (White & Summers, 2010). UETA and E-Sign only applies to those transactions that fall under Article 2 and 2A, as well as certain areas of the pre-revision of 1-107 and 1-206 of the Uniform Commercial Code. There are generally three areas where electronic contracting occurs: When two individuals acting as an agent or on their own behalf use digital data to make contracts. This includes emails, over the Internet or any other form of digital communications; it occurs when both parties use electronic agents. Sections 14 (1) of UETA acknowledges contracts “formed by the interactions of electronic agents of the parties even if no individual was aware of or reviewed the electronic agents actions or ending terms and agreements; under Section 14(2) of the UTEA a contract is also formed by the interaction of at least one electronic agents and an individual acting on their own behalf or another persons behalf (White & Summers, 2010). An example of this would be the purchasing of something over the Internet. When it comes time to checkout there is always a new window that pops up with an electronic form that you are required to fill out and input your credit card information. This would constitute forming an.

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. How the Marketplace Fairness Act Could Destroy Many Small Businesses The Marketplace Fairness Act (MFA) of 2013 is a proposed law that passed the United States Senate in May 6, 2003 and currently pending by the United States Congress. The legislation requires all remote sellers, a term that usually used to define online retailers who sell and ship goods to other state that the company has no physical presence in, to collect sales taxes and use taxes for every state and jurisdiction where they have customers if they have $1 million or more in annual retail transaction. When individual purchases goods outside of their domestic state, the out-of-state sellers have no obligation to serve as the tax collector but the consumers have the obligation to report the use tax, a tax that individual should pay if one does not pay the tax already to his domestic state. Yet, very few consumers follow the requirement. This legislation is designed to close the loophole that currently allows buyers to purchase out-of-state item and avoid having to pay sales tax. Since every state and location have different tax requirement, the MFA intend to design tax software to help companies calculate their taxes and collect taxes for up to 46 states. One of the MFA’s main goals is to level the playing field between the local and online retailers by mandating the necessary taxes to be collect equally by every business. The MFA also attempts to protect the small businesses from the unfairness.

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. Islamic Worksheet Elisa Gil World Traditions II Teacher April 14, 2014 When studying Islam, it is important to understand the essential elements of the faith, how they are practiced, and the distinctions among the three branches: Shiite Islam, Sunni Islam, and Sufism. Write a 1- to 2-paragraph response for each of the following directives and note where there are differences among the three branches of Islam. I. Explain the meaning of the name, Islam. The Muslim’s tried to introduce Islam as a religion. Islam is an Arabic word, which they tried to make people believe that this word means peace and that it rejects violence with compliance and obedience to their God. In this religion they established violence, it’s like they need violence in their life. When talking about the total submission to Allah and complete obedience to their law, their connection between the original religious words is strong and obvious. Because only to the submission and obedience to Allah his Law of peace can be achieved. As for the word Salam, it has nothing in common with the word Islam. Islam means submission, or compliance. Islam originated from the infinitive of Salama which means to be saved or escape from danger. Salam also means peace. II. Explain the basic concepts of Islam. The Islam’s have fourteen basic concepts. The Concept of faith (Iman), The Concepts of Righteousness (Birr), The Concept of Piety (Taquwa), The concept of.

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. Fair Tax Act Jill Payne ACCT 615 April 26, 2014 Dr. Dana Leland “In this world nothing can be said to be certain, except death and taxes.” –Benjamin Franklin One thing is for sure you can’t escape taxes. The United States (US) income tax system is complex and often hard to navigate. Much like the English language there seems to be as many exceptions to the rules as there are rules. Our current system applies a tax rate to yearly income, and allows for deductions and exemptions to reduce an individual or business’s taxable income. Many would also argue that our current system is very intrusive as it requires us to provide many details about our families and business activities. The tax formula for the individual starts with income from all sources however many forms of income are excluded and therefore are not subject to the federal income tax. This creates a loop hole that allows many people to avoid paying their taxes. Also only reported income is taxed so anyone that is paid “under the table” or through illegal activities are able to shield their income from being taxed. Is there another way? Enter the Fair Tax Act. The idea behind the Fair Tax Act is simple, instead of taxing income the US government would tax consumption. Currently many state and local governments do have a small consumption tax but not the federal government. The difference between our current system and the proposed Fair Tax Act is that money would be taxed when it is spent.

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Gs2745 U7 A1, Fico Credit Scores and the Fair Credit Reporting Act (Fcra)

. FICO Credit scores and the Fair Credit Reporting Act (FCRA) 1. The most widely used credit score is the FICO Score, the credit score system created by the Fair Isaac Corporation. 2. Lenders use the FICO Score to help them make billions of credit decisions every year. 3. Fair Isaac calculates the FICO Score based solely on information in consumer credit reports maintained at the credit reporting agencies. 4. The Fair Credit Reporting Act (FCRA) requires Equifax, Experian, and TransUnion (credit- reporting agencies) to provide you with a free copy of your credit report once per year. 5. FICO Credit scores have five factors Payment History, Outstanding Debt, Length of your Credit History, Recent Inquiries on Your Report, Types of Credit in Use. 6. How to improve your fico score Request a free copy of your credit report and check it for mistakes, such as incorrect late payments and balances. 7. Make sure that you pay your bills on time. 8. Consider setting up automated payments or payment reminders if you continue to have problems paying your bills on time. 9. Stop using your credit cards and start paying them off. 10. Don't close credit cards once they are paid off and don't apply for credit cards unnecessarily. 11. Refrain from using your credit cards again until they are paid off and you know how to use them. 12. Learn how to manage your finances in a positive way that increases your FICO Score and gets you into a more positive.

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. Fair Credit Reporting Act, 1970 Introduction to Computer Applications BIS/220 Fair Credit Reporting Act, 1970 The federal Fair Credit Reporting Act which is also known as FCRA was enacted in 1970 to uphold the precision, equality, and confidentiality of any personal information that is in the files and reported by the consumer reporting agencies or credit reporting agencies also known as CRAs. There are many types of CRAs, including credit bureaus and specialty agencies. CRAs gather reports on people for different industries, which can include credit card companies, banks, property-owners, businesses, and other entities. Special protections provided by the FCRA are for credit reports, investigatory consumer reports, and background checks for employment. Since 1970 the FCRA is a multifaceted decree that has considerably been reformed by Congress and the courts. In order to protect the discretion and correctness, CRAs are required to comply with "reasonable procedures" along with precision, and importance of credit information. The FCRA inaugurates an outline of Fair Information Practices for personal evidence that contain privileges of facts superiority or right to review and update, data safekeeping, utilize boundaries, requirements for data demolition, bill, user input consensus, and liability. Also CRAs can correspondingly be referred as "credit bureaus" or "consumer reporting agencies. Being the first federal law to regulate the use of private business.


Is TransUnion Credit Score Accurate? VantageScore Vs. FICO

There are so many credit scores out there nowadays that it’s easy to get confused as to which one is your “real,” or accurate, score.

TransUnion uses what is called a VantageScore, which is the first credit score model created in partnership among all three credit bureaus — Experian, Equifax, and TransUnion.

TransUnion VantageScore is, in fact, accurate based on that credit score model. This is where things get a bit tricky, but we’ll explain as simply as possible.

TransUnion is Accurate, But May Conflict with Other Scores

The only way your TransUnion credit score wouldn’t be accurate is if you found errors on your TransUnion credit report, which would in turn affect your credit score.

You can check your TransUnion score and report directly from TransUnion for $1. This also includes a 7-day trial of their credit monitoring services.

TransUnion 3-Bureau Credit Monitoring

Now, different credit scores use different scoring methods. For example, the VantageScore credit score is based on a scale from 500 to 990 – whereas FICO (the original credit scoring model created by Fair Isaac Corporation) is based on a scale from 300 to 850.

Therefore, if you check your TransUnion score and see that you have a 675, that’s a poor credit score. But if you go to FICO and see that you have a 675, that’s a good credit score.

VantageScore also weights each factor differently than FICO, as you can see below.

Who has the most accurate credit report

This chart provides an overview of how credit scores are calculated differently by VantageScore and FICO.

Technically, credit scores are accurate according to wherever you get them from (unless there are errors on your credit reports that you need to dispute).

So, the question you’re really asking is, Which score do lenders use?

FICO is the Most Widely-Used Credit Score by Lenders

Since there are so many free credit score options out there, you should know that FICO is the most widely-used credit score among lenders. In fact, 90% of lenders check FICO Scores rather than any other types of credit scores. So if you’re looking to take out a loan anytime soon, we recommend checking your FICO Score.

FICO actually has multiple scoring models, such as FICO Auto Score and FICO Bankcard Score, used in different lending industries. The most popular score across industries is the FICO Score 8, while the FICO Score 9 is the most recently released FICO scoring model.

You can purchase your FICO credit score and report from each credit bureau individually for $19.95 or all three credit bureaus scores and reports for $59.85. Purchasing your credit score through FICO will include your FICO Score 8, as well as other important industry-specific scores.

The Difference Between FICO & “Educational” Credit Scores

Credit scoring has gotten unnecessarily complicated over the years, but there are many companies in existence today whose entire foundations are based on demystifying credit for regular people who don’t write about finances all day (ahem).

These companies — such as Mint, Credit Sesame, and Quizzle — can show you your credit score as well as recommendations for improving your credit, all in easy-to-read laymen’s terms.

In the finance industry, however, anything that isn’t a FICO credit score is generally regarded as an “educational” credit score. This means their purpose is to help you get a ballpark estimate of where your credit stands — and it’s also why they’re free.

Check your FICO Score, but use a free service like Mint to see your “educational” credit scores and reports year-round. This is the easiest way to stay on top of your credit and monitor changes to your credit reports.

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