Credit reports and credit scores are distinct, yet related, financial tools. A credit report details credit history, while a credit score is a numerical representation of creditworthiness. Reports are factual accounts from credit bureaus, while scores are calculated by different entities like FICO or VantageScore, using data from reports. Errors in reports can impact scores, thus regular checks of both are recommended. Understanding the factors that affect your credit score, such as payment history and debt amounts, is crucial for financial health.

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