What Does My Credit Score Mean?

There are three main credit bureaus: Experian, Equifax, and Trans Union. With a tri-merge credit report — a report containing a score from all three major bureaus — most lenders look at the mid score.
EXAMPLE:

Experian 720

Equifax 657

Trans Union 717

In this case, 717 would be the mid score.

These scores represent a composite of the borrower’s credit history, employment, ability to save, and so on. The higher your score, the better chance you have of receiving credit with a low interest rate.

EXCELLENT 850-730

GOOD 729-680

FAIR 679-620

POOR 619-500

NO FEDERAL FUNDING 500 and below