Difference Between Credit Score and Credit Report

One of the sound financial habits is to maintain a credit score in a good shape as it helps build your creditworthiness. Both credit score and credit report are taken into consideration while assessing your financial health, but do you know that both differ in determining how you have managed your credit in the past.

Well, in this write-up, let us take a look at the difference between credit score and credit report, and achieve a better understanding.

What is a Credit Score?

A credit score is a 3-digit number that is present on your credit report. The credit score usually ranges from 300 to 900. Credit scores are assigned by the credit bureaus, to any individual with a PAN card and anyone who has any kind of credit transaction. The credit score issued by TransUnion is known as the CIBIL score and is one of the most popularly used credit scores in India.

Typically, a score between 700-750 is considered ideal by any lender as it determines your creditworthiness and thus helps you qualify for a loan with a favourable interest rate.

Credit score keeps changing which entirely depends on your borrowing and repayment behaviour. The key parameters that are taken into account while calculating your credit score include:

  • History of repayments, any late payments, and defaults on credit cards and loans.
  • Present credit utilisation ratio.
  • Hard inquiries raised towards achieving more credit in recent times.
  • Age of credit.
  • Types of credit possessed to date.

It is always advised to check your credit/CIBIL score periodically so that you can get a fair idea of how your profile will be perceived by any prospective lender. Also, monitoring your credit score regularly can help guide you on how to build your credit.

What is a Credit Report?

If you need fine details of your financial history, then a credit report is the answer. The credit report lists out all your payments and lines of credit comprehensively. However, a credit report does not always display your credit score.

The credit report is explained over several pages wherein the list of information is broken down into many categories. These include your:

  • Personal information.
  • List of open and closed loan accounts including credit card debt.
  • Any credit inquiries that you have raised.
  • Public records of foreclosures, bankruptcies, repossessions, liens, judgements on civil suits, etc.

There are majorly 4 credit bureaus that are operating in India – Credit Information Bureau (India) Limited or CIBIL, Experian, Equifax, and CRIF Highmark and CIBIL are generally considered in most cases.

Relation Between Credit Score and Credit History

Your credit report reflects your entire borrowing history whereas your credit score is a summation of your credit report that also considers your credit history with all the past and present debt instruments.

If you have a great credit report, your credit score will also automatically be a good one. On the other hand, if there are too many red flags and negative elements like bankruptcies, and defaults on loan payments on your report, then this can lead to a poor credit report and therefore a poor credit score. Hence, it is advised to always go for timely payments of loan EMIs, and credit card debts and not default on them.


Your credit score plays an important role in approving your loan application. If you have a CIBIL score of 750 or more, then there are high chances of you getting your loan approved at favourable interest rates.

So, if you are planning to avail of a personal loan, then try FlexSalary. FlexSalary is a loan offering product of a non-banking finance company (NBFC) called Vivifi India Finance Private Limited, which is registered with the Reserve Bank of India (RBI). With easy to qualify eligibility criteria and easy repayments with no fixed EMIs, FlexSalary shall always deem the best lender to help you enhance your credit score, even if you are having a bad score. So, why wait? Apply with FlexSalary for a better credit score and a positive credit report.


1. Why does my credit score differ from one credit bureau to another?

Your credit score differs from one credit bureau to another, because not all lenders report your payment history to all the credit bureaus, and this can result in publishing different credit scores with different bureaus. Remember that checking your credit report does not impact your credit score, so, ensure to check them regularly to make sure the data is accurate. 

2. Is my credit score listed on my credit report?

No, you can’t see your credit score in the credit report. But when you apply for a loan, your lender requests your credit score from one or more bureaus, and then the data that is present in your credit report is used to calculate your credit score. 

3. How is my credit score determined?

Every credit score is determined from the information that is available in their respective credit reports. The most important factors that are taken into consideration while managing your credit score include – repayment history, any late payments or default etc.

4. Why is my credit score different for different loans?

Your score entirely depends on various factors such as:

  • Which credit reporting agency has provided the information.
  • Type of loan product availed.
  • Even the day when it is calculated.

Remember that, the higher your credit score reflects, the better your repayment history, and in turn makes you eligible for nominal interest rates.

5. How do I maintain a good credit score?

There is no secret formula to building and maintaining a good credit score. But some guidelines can help:

  • Timely repayments of loan EMIs, credit card debts, etc.
  • Long credit history will help you score more.
  • Only apply for the credit that you need.
  • Fact-check your credit reports.
  • Don’t exhaust your credit limit.