Credit Scores vs FICO Scores

Equifax, Experian and TransUnion (The big three credit bureaus)

compile information about your borrowing habits and use it to create “accurate” credit reports.

The FICO score; created by Fair Isaac Corporation, is the most popular used credit score. When applying for a credit card your application will more likely be evaluated with a credit score created by FICO than by VantageScore. However, if your score is requested from the 3 credit bureaus youre most likely going to receive average score based of the 3 credit bureaus or also known as a VantageScore .

Banks and other lenders use different sources to evaluate your creditworthiness, gathering scores from the bureaus for different types of credit applications — and they sometimes create their own scores by combining the data.