Facts

• Some of your creditors may not report your accounts to all three credit bureaus. Because of this, your credit reports may not all reflect identical information and your scores may vary.
  
  

Types

• Each credit bureau offers two scores: a FICO score and a consumer credit score. The credit bureaus will calculate consumer credit scores by their own formula, while FICO scores are calculated by the Fair Isaac Corporation.
  
  

Considerations

• If one of the credit bureaus is reporting an error, your score for that agency's report may be significantly different from your other scores.
  
  

Effects

• Lenders know that each credit reporting agency will often assign you a different score. If you are attempting to borrow a substantial amount, your lender is likely to pull all three of your credit scores to review.
  
  

Warning

• Credit scores that you pull from anywhere other than the credit reporting agencies will always be different from your actual scores due to the fact that these scores are "estimated" rather than actual scores.