Credit Scores

A credit score is a numerical representation of a consumer’s potential level of risk at a particular point in time, based on information contained in their credit file. When a consumer applies for a loan or credit, the lender will request their credit report and score, and will use the score to quickly determine the potential risk in granting the loan or credit.. The logic to calculate the score is very sophisticated, and the entire credit report is evaluated every time a score is created. Because the score is based on the dynamic content of a credit file, a consumer’s score can change frequently.

Factors Used in Calculating a Credit Score

Recent payment history
Available credit limits
Comparisons of outstanding balances to the available credit
Length and volume of credit history
Active pursuit of new credit (inquiries)
Derogatory credit and public records

Each of the national credit reporting agencies offers credit scores, which allow lenders to better assess certain factors in a consumer's credit report. A consumer's credit score may vary depending on the credit reporting agency and the score model requested. The score included with a credit report from CoreLogic Consumer Services is calculated in a similar way, and is based on the same information in the credit file from the three national credit reporting agencies. It allows the consumer to see how they may be viewed as a credit risk to lenders. In addition to the score, the consumer receives score "factors" to explain why their score is not higher.

1-Bureau Scores:
At CoreLogic Consumer Services, we offer multiple scoring models, each containing a summary section with information about inquiries, public records, collection accounts and delinquencies.

1-Bureau Credit Score Report Sample
3-Bureau Scores:
This report is organized in a 'list-and-stack' format to display comprehensive data reported by each of the 3 credit reporting agencies. The 3-Bureau Score is used by lenders to determine credit risk.

3-Bureau Credit Score Report Sample
Score Only:
We can provide a credit score without the purchase of a credit report. The score is presented in the form of a report, including a graph showing where the individual’s score falls within the scoring range.