Your credit score affects everything from your credit card limits to renting an apartment to the rates you receive on mortgages and other loans.
The higher your score, the more creditworthy you are to lenders. If your score is low, lenders will perceive you as a riskier borrower and therefore charge you higher interest rates.
Your credit score will vary depending on which of the three credit bureaus – Equifax, Experian and TransUnion – is used. To simplify this confusion, the three main credit bureaus partnered together to create the VantageScore. LendingTree provides you with the most recent version of this credit score: VantageScore 3.0.