Cliff & Cheri Slaughter

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Most adults have reviewed neither their credit score (55 percent) nor their credit report (62 percent) in the past year, according to the National Foundation for Credit counseling.

A credit score is similar to your overall grade that immediately tells lenders how good you are handling your financial obligations. It shows how good or bad a credit risk you are.

TransUnion, Equifax and Experian are the three major credit bureaus that gather your credit score based on the information they gather from their client companies. They do this with the help of software that calculates your credit scores.

This means that, you have three credit scores from three different credit bureaus. Your credit scores may differ, because they use different software to calculate your credit scores.

Credit scores go from 350 to 850. Generally, a score above 720 is a good score, which can qualify you for a better mortgageā€¦

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