WHAT IS A CREDIT BUREAU SCORE AND HOW DO LENDERS USE THEM?

This is your credit score which determine how relaible you are for some one to lend you money

They use this to mesure your ability and intention to pay back any loan

There are 3 different credit bureaus. Each giving a score based on the your credit profile. For mortgage qualifying purposes, the middle of the 3 scores is used. For example, if your TransUnion score is a 660, your Experian score is a 620, and EquiFax score is a 700 then we are going to qualify you based on the 660 score. I hope this helps...

From your credit history lender can able to identify possibility that you will be unable to repay your loan. This number is called as credit bureau score. Lenders use it to determine your ability to qualify for a mortgage loan. so if your score is more then its maximum chances of getting loan. You can find with the lender about the details.