FICO® Scores are the credit scores most lenders use to determine your credit risk. You have three FICO® Scores, one for each of the three credit bureaus – Experian, TransUnion, and Equifax. Each score is based on information the credit bureau keeps on file about you. As this information changes, your credit scores tend to change too.
Your 3 FICO® Scores affect both how much and what loan terms (interest rate, etc.) lenders will offer you at any given time.
Taking steps to get your FICO® Scores in the higher ranges can help you qualify for better rates from lenders.