A settlement highlights the complexity of credit scores

Source: Ann Carrns - N.Y. Times (Paid Registration)

[Recent] settlements highlight the reality that each consumer has multiple credit scores, rather than a single, static score. The exact score used to make a decision on a given loan depends on the credit bureau providing it, the scoring model used to create it, the specific industry it is designed for and the timing of its preparation. Different scoring formulas, for instance, are used to evaluate applicants for home loans, credit cards and car loans.

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