So you’ve probably seen the terms “credit score” and “credit report” thrown around quite a bit, but do you actually know the difference?
A credit score is the number that show your credit worth to credit card companies, auto lenders, mortgage lenders, and any other person or company that may lend you money. Landlords and some cell phone providers also sometimes look at your credit score.
A credit report is a detailed overview of your past borrowing habits that have led to and built your score to be what it currently is. It also contains your credit history.
Image via Hope for Prisoners.