Gary Carbaugh
Vice President
4243 Pioneer Woods Dr.
Lincoln NE 68506
Phone: (402) 323-1601
E-mail Gary
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Your Credit Score
When you’re applying for credit—whether
it’s a credit card, car loan, a personal
loan or a mortgage—lenders want to
know your credit risk level.
There are three
major credit reporting agencies (Equifax, Experian
and TransUnion) in the United States that maintain
records of your credit use and other information
about you. These records are called credit reports,
and lenders will want to check your credit report
when you apply for credit. In most cases, lenders will
also want to know your credit score.
What is a credit score?
A credit score is a number that summarizes your credit risk, based on a snapshot of your credit report at a particular point in time. A
credit score helps lenders evaluate
your credit report and estimate
your credit risk. It’s a vital part of your credit health.
The most widely used credit scores are FICO® scores, the credit scores created by Fair Isaac Corporation. Learn all about them here.
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