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The Credit Score You See May Differ from What Lenders See, but Does it Matter?

Valued Contributor

The Credit Score You See May Differ from What Lenders See, but Does it Matter?

Here is what John Ulzheimer (more by this writer) writes on the Credit Sesame website:

"If you have a good credit report, then you’re going to have a good score regardless of the scoring model. If you have a poor credit report, then you’re going to have a poor score regardless of the scoring model. If you have an average credit report, then you’re going to have a middle of road credit score."

As much as I would like to agree, there are considerable gray areas inbetween, as there are differences in the definitions of "good" for reports vs score formulas. The former are fairly bland, while the latter go in all directions.

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