A credit score is a number that expresses your credit history. It represents your ability to pay off your debt by factoring together the four aspects of a credit report. The higher the score, the lower the risk for an institution to lend money to you.
Just like college-rankings, different organizations calculate credit score similarly, but with minor differences. FICO (Experian) is the score most-often used by lenders, while some lenders use BEACON (Equifax) and EMPIRICA (TransUnion) for credit scores.
Unlike many other lenders, MPOWER does not use your credit score when considering your loan application.