TripleCreditScore.us: What is a credit score? Your credit score is very important. It helps you get the best loan or financing rates available. It is easier to secure credit with better terms and lower costs. Landlords use it to determine you rent worthiness. Did you know you can get a free credit report? Videos increasing your score, and repairing your credit

Of course, the higher the credit score the better, and scores generally range from 300 to 850, with most scores ranging from 600 to 700. A subprime loan is generally a score of 620 and lower.

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The Credit reporting agencies

In the U.S., three credit reporting agencies, Equifax, Experian, and TransUnion, calculate a borrower's credit score using their own different computation formulas. The scores they generate (with trademarked names), differ in what they mean to predict, the statistical methods used to determine a creditworthiness score, and what data are used and how they are weighted. Beacon, Beacon 5.0, Beacon 96, and Pinnacle scores are available only from Equifax; Empirica, Empirica Auto 95, Precision Score, and Precision 03 from TransUnion; and the Fair Isaac Risk Score is available from Experian. Although the Fair Isaac Corporation develops these credit score versions for the different agencies, they are different numbers, although they derive from a common engine called the Fair Isaac Risk Model. These scores are periodically updated to reflect current consumer loan repayment rates.