
Summary
Credit scores can vary significantly, leading to confusion for consumers regarding their financial health. While many people check their scores through free apps, these scores may not reflect the ones used by lenders when assessing mortgage, auto loan, or credit card applications.
The majority of top lenders, approximately 90%, rely on FICO scores, which means the scores individuals see might not be the most relevant for their financial decisions. Understanding this distinction is crucial for consumers aiming to make informed choices about their credit and borrowing options.
Show Notes
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