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Credit Score Info for Bozeman Montana

Where Are Lenders Getting Credit Scores?

Consumers often mistakenly believe that mortgage lenders use only credit
scores from Equifax, Experian, TransUnion, and Fair Isaac's myfico.com to
gauge creditworthiness. However, Consumer Reports recently found that
lenders also use NextGen FICO scores, FICO Expansion Scores, and Industry
Option FICO scores - which take car loans into consideration - as well as
custom formulas. Given that these scoring models are not available to
consumers, experts say that consumers should not rely solely on available
credit scores to determine their likelihood of getting a loan. They would be
wise to make timely bill payments, make more than the minimum payment, and
hold down credit card balances.