From ThePennyHoarder.com….
What’s your credit score?
It’s important financial information to have. But did you know there are actually multiple answers and no single way of calculating a credit score?
A credit score is just a way of distilling your entire credit history into a number that, at a glance, allows lenders to determine the risk they’re taking on by granting you a loan.
The two most common ways of estimating it are the FICO Score and the VantageScore. In this article, we’ll detail the differences between the two, and how those variables could impact your pursuit of good credit.
