The Equifax credit score is an educational credit score developed by Equifax. Equifax credit scores are provided to consumers for their own use to help them estimate their general credit position. Equifax credit scores are not used by lenders and creditors to assess consumers' creditworthiness.
FICO scores are general purpose credit scores developed by the Fair Isaac Corporation, which are used by lenders and creditors to help assess consumers' creditworthiness.
Equifax credit scores and FICO scores can be calculated using information in your credit reports at any of the three nationwide credit bureaus -- Equifax, Experian and TransUnion. Since the information on your credit reports at each bureau can differ, your Equifax credit score and FICO score can differ depending on which credit report is used to calculate the score.
The Equifax credit score model uses a numerical range between 280 and 850, and FICO score models use a range between 300 and 850. In both cases, higher credit scores indicate lower credit risk.
