How to Get Credit: Score vs. Report

When applying for a loan you may be faced with the quandary of how to get credit: score or report. What is the difference between obtaining a credit report versus your credit score? Which is easier to obtain, and which will ultimately determine whether or not you get that crucial loan or those lower interest rates?

Credit reports provide lenders with information on the types of loans you have, your payment history, legal actions taken against you, employment information, and more. They also include a score between 330 and 850, which summarizes the credit information.

By law, consumers are entitled to request a free credit report from each of the three credit reporting bureau once a year. This enables you to check for inaccuracies such as an incorrect address or phone number, showing that an account is still open when in fact it has been closed, and similar errors.

However, these credit reports will not include your credit score, which is what lenders typically use to determine how much to let you borrow and at what interest rate. So if you want to know how to get credit, score seems to win out.

To obtain a history of your credit score, you will need to subscribe to a service such as ScoreSense. This is the best solution for how to get credit score information. You won’t just get one credit score; you will get one from each of the three major credit reporting bureaus: Equifax, TransUnion and Experian.

Those credit reports are vitally useful when you ask how to get your credit score up to a favorable level. By looking at the information in your credit reports on a regular basis – and using the services that are included in a ScoreSense membership – you can raise and maintain your score at higher levels.

Learn how to get credit score changes by taking certain actions using the convenient tools ScoreSense provides to members, and find out how paying off a loan, taking out a new loan, or just increasing or decreasing payments could  impact your credit score.

If you want to learn more about how to get credit score reports, visit us at today.

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