New Delhi, Feb. 17 -- Two important resources for managing your own financial affairs are your credit score and your credit report. But the landscape of credit scoring can be a bit confusing given the many forms of scores and reports that are out there. The many varieties of credit scores and reports are outlined in this article along with their significance and how knowing them can help your money management skills.

A credit score is a three-digit figure that can be calculated from data obtained from your credit history. Some of the elements include repayment history, number of credit accounts, and overall debt. These are some of the credit factors, and the bureaus check all of them to decide whether the individual is credit-worthy or n...