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What is the Difference Between a Credit Report and a Credit Score? What is the difference between credit report and credit score? Find out the difference and learn how important they both are for your credit. The difference between credit report and credit score Bank of America difference between credit report and credit score, what is the difference between credit score and credit report What's the difference between a credit report and a credit score? Both are important in measuring credit worthiness, but they look at different things. CREDIT REPORT What is it? It's a document A history of all of your accounts and payments. It's comprised of: Credit cards Mortgages Auto loans Student loans Bankruptcy, liens or court judgments How do you get it? You're entitled to one free credit report from each credit reporting bureau per year. Visit www.annualcreditreport.com for more information and to order your report. CREDIT SCORE What is it? It's a number Based on your credit report. It's comprised of: 35% Payment history: All on-time and late payments and public records (bankruptcy, judgments and liens). 30% Accounts owed: The percent of money owed to total available credit. 15% Length of credit history: How long your accounts have been open and active. 10% Types of credit: Credit cards, auto loans and mortgages. 10% New credit: Recent applications and new accounts. How do you get it? The most common credit score is the Fair Isaac Corporation (FICO) score. Credit reporting bureaus such as Experian, Equifax and TransUnion supply this number, often for a fee. How are they connected? A credit score is generated from the results of your credit report. It's how lenders decide your credit worthiness. A credit score ranges from 300-850. The higher the number, the better credit you have. Know where you stand 1/3 of Americans have never checked their credit report or score, according to a study by TransUnion. That does not have to be you. The more aware you are about your credit, the better decisions you will likely make when it comes to spending. Apply for your credit report and score today. Bank of America
What is the Difference Between a Credit Report and a Credit Score? What is the difference between credit report and credit score? Find out the difference and learn how important they both are for your credit. The difference between credit report and credit score Bank of America difference between credit report and credit score, what is the difference between credit score and credit report What's the difference between a credit report and a credit score? Both are important in measuring credit worthiness, but they look at different things. CREDIT REPORT What is it? It's a document A history of all of your accounts and payments. It's comprised of: Credit cards Mortgages Auto loans Student loans Bankruptcy, liens or court judgments How do you get it? You're entitled to one free credit report from each credit reporting bureau per year. Visit www.annualcreditreport.com for more information and to order your report. CREDIT SCORE What is it? It's a number Based on your credit report. It's comprised of: 35% Payment history: All on-time and late payments and public records (bankruptcy, judgments and liens). 30% Accounts owed: The percent of money owed to total available credit. 15% Length of credit history: How long your accounts have been open and active. 10% Types of credit: Credit cards, auto loans and mortgages. 10% New credit: Recent applications and new accounts. How do you get it? The most common credit score is the Fair Isaac Corporation (FICO) score. Credit reporting bureaus such as Experian, Equifax and TransUnion supply this number, often for a fee. How are they connected? A credit score is generated from the results of your credit report. It's how lenders decide your credit worthiness. A credit score ranges from 300-850. The higher the number, the better credit you have. Know where you stand 1/3 of Americans have never checked their credit report or score, according to a study by TransUnion. That does not have to be you. The more aware you are about your credit, the better decisions you will likely make when it comes to spending. Apply for your credit report and score today. Bank of America

Understand the difference between a credit report and a credit score

If you're unsure of the difference between a credit report and a credit score, you're not alone. Here's an overview of the major distinctions between these two assessments of your financial life.

 What's the difference between a credit report and a credit score? Show infographic Text Version

What's the difference between a credit report and a credit score?
Both are important in measuring credit worthiness, but they look at different things.

CREDIT REPORT
What is it?

It's a document
A history of all of your accounts and payments.

It's comprised of:
Credit cards
Mortgages
Auto loans
Student loans
Bankruptcy, liens or court judgments

How do you get it?
You're entitled to one free credit report from each credit reporting bureau per year.
Visit www.annualcreditreport.com for more information and to order your report.

CREDIT SCORE
What is it?

It's a number
Based on your credit report.

It's comprised of:
35% Payment history: All on-time and late payments and public records
(bankruptcy, judgments and liens).
30% Accounts owed: The percent of money owed to total available credit.
15% Length of credit history: How long your accounts have been open and active.
10% Types of credit: Credit cards, auto loans and mortgages.
10% New credit: Recent applications and new accounts.

How do you get it?
The most common credit score is the Fair Isaac Corporation (FICO) score. Credit reporting bureaus such as Experian, Equifax and TransUnion supply this number, often for a fee.

How are they connected?
A credit score is generated from the results of your credit report. It's how lenders decide your credit worthiness. A credit score ranges from 300-850. The higher the number, the better credit you have.

Know where you stand
1/3 of Americans have never checked their credit report or score, according to a study by TransUnion. That does not have to be you. The more aware you are about your credit, the better decisions you will likely make when it comes to spending. Apply for your credit report and score today.

Bank of America

End of infographic text version Close Infographic Text Version

Understanding the difference between a credit report and a credit score can help you manage your finances more effectively. Learn how to read a credit report.