More For Your Money - University of Illinois Extension

http://MoreForYourMoney.extension.uiuc.edu

Navigation: Main

• Introduction
• Values and Goals
• Income and Expenses
• Spending Plan
• What Is Credit?
• Use Credit Wisely
  • Use Credit Wisely
  • Creditor Guidelines
  • What Is a Credit Report?
  • Why Look at Your Credit Report
  • What's In Your Report?
  • How Can You Check Your Credit Report?
  • Found an Error in Your Credit Report?
  • Sample Dispute Letter
  • Seven Things To Remember When Filing a Dispute
  • What Is Your Credit Score?
  • How Are Credit Scores Determined?
  • How Are Credit Scores Created?
  • How Can You Improve Your Credit Score?
  • How Can You Get Your Credit Score?
  • Review
• Debt Management
• Saving Money
• Glossary
• Teacher's Guide
• Resources
• Credits
• Login
• Create an Account
• En Español

How Are Credit Scores Determined?

Each credit bureau uses its own method to determine the credit score they issue.  Because of this, the numbers will not be the same.  However, all of the scores are developed using a similar method, such as Fair Isaac.  Lenders may use their own scoring systems as well.

The example below shows the scoring method that each of the credit bureaus uses and the credit score range.