14
|
r e d f c u.o r g
Do not email any account or personal identification information.
YOU ASK – WE ANSWER!
To address other financial questions, call Redstone at 256-722-3796
or email aspire@redfcu.org.
Credit Score vs. Credit Report
Need a "get out of debt" plan or just need
someone to review your credit report
with you? Redstone
,
s accredited financial
counselors can help..
What's the difference between a credit score and a credit report?
Credit scores and credit reports both represent an individual's creditworthiness
or likelihood to repay a loan. However, they are two different things.
A credit report is a detailed history of your credit use, such as payment date,
amount, utilization, and duration.
Your credit score is a three-digit number generated from the information on
your credit report.
Should I be more concerned about my credit score or credit report?
Your credit score can fluctuate often, which is completely normal. It may
happen because:
• Information in your credit report is regularly updated.
• You are making payments on the credit accounts.
Try not to stress about your exact score. Instead, focus on maintaining positive
habits that lead to a good score.
