Understanding and defining credit report, credit score and credit rating. First, credit report shows a snapshot of your credit history and is used to create credit scores and or ratings Second, credit score shows how much of a risk you could be to a lender.
Some credit reporting companies use a scale from 300 to 900 and the higher the number the better your chances of getting a loan. Third, credit rating shows whether or not you pay your bills on time on a scale from one to nine. A rating of one is optimal and most attractive Equifax 1 (800)465-7166.