Credit scoring systems are created by analyzing figures and selecting out distinctiveness that are assumed to relate to creditworthiness. For different purposes, credit reporting agencies use various methods to determine the person’s credit score. Consumer advocates have found it difficult to establish information regarding what factors the models consider in relation to the different credit report bureaus, and to what degree would be included to the person’s credit report. Only until recently that consumers can already obtain their own score, although individual consumers have three different credit score since FICO or Fair, Isaac and Company scoring model use three credit bureaus, Trans Union, Experian and Equipax. FICO score ranges from 350 to 850. These credit bureaus have their own database generated and marketed differently. Consequently, information about an individual consumer can vary from bureau to bureau and so with the credit scores.  Since credit scores are so significant, it is essential that the scores be based on accurate data.  Therefore, applicants with imprecise credit reports will in turn have imprecise credit scores.  They will be denied in credit application, charged with higher rates or offered with fewer services.  Until present, there is no general centralized legal requirement on credit reporting agencies to present credit score reports to individuals. However, some lenders and creditors such as credit card companies now put on the market the credit scores and recommend for improving them for a certain charge. Creditors, employers and utility service providers, among many others, use credit scoring to analyze and evaluate whether to grant their services to individual consumers.  In conclusion, the assessment relating to whether your credit application is granted comes down to a sole single number.