Credit Scores Cause Confusion

Credit Scores Cause Confusion

When you buy your credit score, it’s almost certainly not the same number your mortgage lender will see.

Your lender might see a lower score, or even one calculated on a different scale. It means you could apply for a loan thinking you deserve a low interest rate, but end up paying a higher one because your score wasn’t as good as you assumed.

Confusion arises because consumers and lenders often see different credit scores. As if that didn’t create enough of a misunderstanding, customers, lenders and credit bureaus each view credit scores from their own perspectives.