What is a credit score?

A credit score is the number that expresses your credit history. It represents your ability to pay off your debt by factoring together please see “What is included in a credit report.” The higher the score is, the lower the risk for an institution to lend money to you.
FICO (Fair Isaac Corporation, commonly used by Experian) is the most-used score by lenders, while some lenders use BEACON (Equifax) and EMPIRICA (TransUnion) for credit scores.
Unlike many other lenders, MPOWER does not use your credit score when considering your loan application.

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DISCLAIMER - Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.