Credit score reports are the financial bio-data of an individual. A credit score report proves how financially healthy you are and how well you have managed your credits. Some say that a person who can manage his finances well can also cope up his life well. When a person takes excess credits and is unable to repay them back in time, he gets his debt report into the database of different credit bureaus. A clean credit report is very vital for a person to be qualified for future loan applications. Credit score bureaus or also known as credit reporting agencies are private companies that keep the data that compose your credit history. They collect information reported to them by banks, mortgage and credit companies, commercial stores and other lenders and creditors. This information is then gathered together into a credit score report. Furthermore, the credit score report gives you a detailed assessment on how you have managed your loans in the past, whether you pay on time or you have a record of arrears. Lenders and creditors will then review your credit score reports to determine your creditworthiness. Fair, Isaac and Company or FICO generally assign a number from 350 to 850 for the credit score. The higher score you get, the better services and deals you are offered. When a creditor rejects your credit application based on information in your credit report, the creditor usually indicate the name of the credit bureau that provided the information. Legally, credit bureaus are required to share with you all information they have on file about your credit, past and present.