There are three versions of every credit score because credit scores are calculated using the contents of people’s credit reports, and we each have three credit reports – one from each of the three major credit bureaus: Equifax, Experian and TransUnion. A common assumption is that since there are three credit bureaus, each individual must have three credit scores. But that implies there’s just one type of credit score, which is far from the truth. There are many different credit-scoring models and thus many different types of credit scores. You can find more details below.
Three Credit Scores: Myth vs. Fact
Myth: Many people think we each have three, and only three, credit scores, one from each major credit bureau. After all, anyone with a Social Security number who’s ever possessed either a credit card or a loan also has a credit report from each of these bureaus. So it would only seem logical for there to be three corresponding credit scores. But that, as it turns out, isn’t true.