Which Credit Score Is Best to Check

Which Credit Score Is Best to Check

Your credit score plays a crucial role in your financial life. Whether you are applying for a mortgage, car loan, or credit card, lenders use your credit score to determine your creditworthiness. With various credit scoring models available, it can be confusing to know which credit score is the best to check. In this article, we will explore the different types of credit scores and discuss which ones are most commonly used by lenders.

1. FICO Score
The FICO score is the most widely used credit scoring model in the United States. Developed by the Fair Isaac Corporation, FICO scores range from 300 to 850. Lenders typically rely on FICO scores to assess credit risk. It takes into account your payment history, credit utilization, length of credit history, new credit accounts, and types of credit used. Checking your FICO score is essential as it gives you a good idea of how lenders perceive your creditworthiness.

2. VantageScore
VantageScore is another popular credit scoring model used by lenders. Developed by the three major credit bureaus (Experian, Equifax, and TransUnion), VantageScore ranges from 300 to 850. It considers similar factors as the FICO score but may weigh them differently. Some lenders use VantageScore instead of FICO, so it’s worth checking this score to get a comprehensive view of your creditworthiness.

3. Credit Bureau-specific Scores
Each credit bureau generates its own credit scores based on its proprietary algorithms. For example, TransUnion uses the TransUnion CreditVision score, while Equifax uses the Equifax Credit Score. These bureau-specific scores may differ from your FICO or VantageScore, as they consider different data points and weighting. However, they can still be useful in understanding how your credit profile is viewed by each credit bureau.

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4. Industry-specific Scores
Certain industries have their own scoring models tailored to their specific needs. For instance, the auto industry uses the FICO Auto Score, which places greater emphasis on your auto loan history. Similarly, the mortgage industry relies on the FICO Mortgage Score, which takes into account factors that are relevant to mortgage lending. If you are applying for a loan in a specific industry, it may be helpful to check the industry-specific score to see how lenders in that field evaluate your creditworthiness.

5. Credit Monitoring Services
Credit monitoring services like Credit Karma and Credit Sesame provide free access to credit scores. These services usually use the VantageScore model, which provides a general overview of your creditworthiness. While these scores may not be the exact ones that lenders use, they can still give you a good sense of where you stand. Additionally, credit monitoring services provide valuable credit monitoring and identity theft protection features.


1. Can I check my credit score for free?
Yes, you can check your credit score for free through various credit monitoring services like Credit Karma, Credit Sesame, and Experian. You can also request a free copy of your credit report once a year from each of the three major credit bureaus through AnnualCreditReport.com.

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2. Do different credit scores affect my creditworthiness differently?
While different credit scores may have slight variations due to their calculation methods, they should not significantly impact your creditworthiness. Lenders generally consider your credit history and overall financial situation rather than focusing solely on the credit score.

3. How often should I check my credit score?
It is recommended to check your credit score at least once a year to ensure accuracy and detect any potential errors or fraudulent activity. However, if you are planning to apply for credit, it’s a good idea to check your credit score a few months in advance to address any issues that may affect your creditworthiness.

4. Will checking my credit score lower it?
No, checking your own credit score has no impact on your credit score. When you check your credit score, it is considered a “soft inquiry” and does not affect your creditworthiness. Only “hard inquiries” made by lenders when you apply for credit can have a slight impact on your credit score.

5. Can I improve my credit score?
Yes, you can improve your credit score over time by making timely payments, keeping credit utilization low, maintaining a good mix of credit types, and avoiding new credit accounts unless necessary. It’s important to practice responsible credit behavior to build a positive credit history.

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6. Why do different lenders use different credit scoring models?
Lenders have the flexibility to choose the credit scoring model that best aligns with their risk management strategies and lending practices. Some lenders may place more weight on specific factors like payment history or credit utilization, while others may consider a broader range of factors.

7. Are credit scores the only factor considered by lenders?
No, credit scores are an important factor, but lenders also consider other factors such as income, employment history, debt-to-income ratio, and the specific loan or credit product you are applying for. Credit scores provide a standardized measure of creditworthiness, but they are not the sole determinant for loan approval.

In conclusion, checking your credit score is crucial for understanding your creditworthiness. While FICO and VantageScore are the most commonly used credit scores, it’s also beneficial to check credit bureau-specific scores and industry-specific scores if applicable. Free credit monitoring services can provide a general overview, but it’s essential to understand the specific credit scoring model used by lenders in your industry of interest. Regularly monitoring your credit score allows you to track your progress and make necessary improvements to maintain a healthy credit profile.

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