The government's free credit score rules took effect July 21, and since then, some consumers have received a crash course in the nebulous world of credit reporting and scoring.
The final rules stipulated that creditors must disclose the credit score used to make a lending decision, along with information related to the score, if a consumer is denied or offered less-than-the-best terms.
Along with the score used, consumers receive the range of possible credit scores under the model, four or five key factors that hurt the score, the date the score was created and the credit reporting agency that provided it.
Bankrate outlines five lessons you can learn from a credit score disclosure notice.