 TITLE: Can I Calculate My Credit Score? CONTENT: How Your Credit Score Is Calculated\n-----------------------------------\nThe calculations used in commercial credit scoring systems such as the FICO® Score☉ and VantageScore® are extremely complex. Credit scoring algorithms, also known as scoring models, analyze the contents of one or more of your credit reports at the three national credit bureaus (Experian, TransUnion and Equifax). The models use highly sophisticated statistical analysis methods to look for patterns of behavior that are associated with failure to repay loans.\nCredit scores are calculated using data in your credit reports, which are updated continually with new information related to your credit activity, including your use of credit cards, payment of loans and credit card accounts as well as any applications for new loans and credit. Credit scores taken a few days apart, and possibly even hours apart, can differ due to updated information such as a missed loan payment.\nBecause your creditors don't necessarily report to all credit bureaus uniformly, your credit reports aren't always exactly the same. But even if they used identical credit report data, different credit scoring models would likely produce different scores because each model uses its own proprietary calculations. The companies that produce credit scoring models revise them every few years to reflect changes in consumer behavior. The specific calculation methods of these formulas are guarded as trade secrets, but scoring companies openly share information on the factors that influence credit scores. END