Brief Summary
  • A credit report and a credit score are two different pieces of financial information.
  • Both a credit report and credit score have a significant impact on your finances.
  • To ensure you are in good financial standing, you must stay updated with your credit report and credit score.

A credit report is a statement (similar to a report card) created by a credit bureau with information about your credit history and activity. Certain information can remain on your credit report for up to 10 years, such as bankruptcies, accounts that have been sent to collections, and late or missed payments. Your credit report also shows the status of your credit accounts and your current credit situation.


A credit score is a specific number that summarizes your credit history and shows lenders your creditworthiness. A credit score can range from 300-850. The higher your credit score, the more likely you will be approved with a lower interest rate for personal loans, credit cards, mortgage rates, and more.

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