Three numbers can have a big impact on someone's life, which is pretty amazing. Here's a quick lesson on what they are and what can happen if you do them.
You sit down for the first time to look at your credit report. If your score is above 720, you did great! You have good credit, so don't worry. If your scores are less than 700, that's fine. Let's get to work. Gallup says that the average score across the country is around 676, which should give you some comfort. If your scores are less than 400, 500, or 600, you can definitely do better, and there's only one way to do that: up!
All three credit bureaus, Equifax, Experian, and Transunion, offer FICO credit scores. These scores are based on a complex mathematical formula created by Fair, Isaac and Company. The FICO score is called the Beacon credit score by Equifax, Empirica by TransUnion, and the Experian/Fair, Isaac Risk Model by Experian.
In short, you should do everything you can to keep your credit score high, and when you're looking for a home loan, you should shop around and do your research because not all lenders are the same. I think you already know what the article's point is, but just in case, here it is: Good credit scores save a lot of money, and you should be careful when choosing a lender to get the best rate for your scores.