Who controls credit scores?

Credit scores are controlled by the major credit bureaus (Experian, Equifax, and TransUnion), which compile data, and the analytics companies (FICO and VantageScore) whose algorithms are used to calculate the scores. They are regulated by the Federal Trade Commission and the Consumer Financial Protection Bureau.

The FTC protects consumers by preventing anticompetitive, deceptive and unfair business practices. The CFPB implements and enforces federal consumer financial law to ensure markets for consumer financial products are safe.

You can check your credit score and get credit-improvement tips for free here at WalletHub. It’s important to note, your financial habits directly impact your credit score, which means you ultimately control your own credit score.