What is the difference between a credit score and a credit report?

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LANSING, Mich. (WILX) — Your credit report and your credit score are two very different things, but it’s easy to confuse the two.

According to a recent Nerdwallet survey82% of Americans think their credit report includes their credit score.

Some credit reports will put a credit score at the top, but many don’t. According to Sara Rathner, personal finance expert at Nerdwallet, your credit score includes information that appears in your credit report and is what helps influence the score.

“But you need to access your credit score separately to monitor it,” Rathner said. “And you need to understand that the credit score you see may not match the credit score a lender uses when making decisions on one of your applications.”

You can talk to the lender about what’s going on, but Rathner said you shouldn’t be surprised to see variations and discrepancies in your credit score because there are different scoring models used in different loan decisions.

His best advice is to check your credit report twice a year to make sure everything is correct and to check your credit score once in a while as well.

Continued: Monitor your portfolio

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