We are Indianapolis’s only Licensed, Bonded & Insured full service credit consulting company, InCreditable Advisors, give us a call today and let us help you improve your credit at 317-202-1297 to schedule your appointment today. If, for example, you pulled a copy of your Experian report and your lender is looking at your TransUnion report, the data may not. In addition, TransUnion reports your employment history and personal information. Mostly just confused why the transunion would have gone down regardless of the model used. On the next page, click on "Equifax Credit Report & Score. You also have auto, mortgage and bankcard scores. FICO is the most well-known and widely used scoring model, as 90% of major lenders rely on those scores when evaluating applicants. Why is my TransUnion score lower than my Equifax? The credit bureaus may have different information. That applied to both individuals and family plans. Yes, equifax and transunion from credit karma so vantage score 3. FICO® Score 8 is a little more forgiving of a one-time late payment than previous versions. Fair: 580 to 669. If you’re wondering why your Experian score is lower, you’re in the right place. You have different credit scores, so your other credit score might be higher, or lower, than the TransUnion score you see on Credit. Meanwhile, VantageScore 3. Why is my Equifax score lower than TransUnion? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. You’ll be able to attach supporting documents to your dispute if you submit it directly with TransUnion. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you'll see wide credit score discrepancies. They. One uses FICO Score 9 based on data in my Equifax credit file. At first, VantageScore credit scores featured a different numerical scale (501 to 990). It could be because of a high reported balance on a credit card account, a new application for credit, or a sign of identity theft. VantageScore – it began in 2006 and is what Credit Karma uses. It's just a list of your current outstanding loans, and if you're in good standing with them. TransUnion scores better than Equifax across: Plans and Pricing, Report Details and Frequency, Credit Bureau & Credit Scores, and Monitoring and Extra Features. 95 a year and eCredable LiftLocker for $9. Unlike with FICO where a good credit score is 670, VantageScore requires between 720 and 780. We are Indianapolis’s only Licensed, Bonded & Insured full service credit consulting company, InCreditable Advisors, give us a call today and let us help you improve your credit at 317-202-1297 to schedule your appointment today. 300 to 579 (poor credit): Most lenders will reject applications from borrowers with a score in this range. So, if you have a $4,000 credit limit, your balance should remain below $1,200. The other two only show one credit report and the name of your employer and do not add any weight to that fact. I haven't yet gotten a FICO on my EX report, but I know my EX report has a ton of other accounts on it and all my HPs from the last 24 months. 0 credit score was lowered by 72 points. 0 and 4. The result is that there are multiple FICO Score versions available, in addition to the most widely used version, FICO Score 8. There are a number of reasons for this. A “good” score may rest in the 661 – 720 range. The lower the number, the lower the individual’s credit rating. 95 a month. Would love to know the - 1303709And FICO says scores between 670 and 739 qualify as good scores. 580-669 = Fair. Re: Why is my Experian score 40 points lower than Experian & Transunion? I understand that different FICO score models result in different ranges of scores. A good VantageScore lies between 661 and 780, which the company calls a “prime” credit tier. Why is my Equifax score so much lower than Experian? This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. FICO 8 is more. 550. Although your scores in the two credit scoring models should be similar, it makes sense to check the score lenders are more likely to use. Score: 4. Suzanne Kvilhaug. It also impacts your cost of borrowing. The CRA each calculate their scores uniquely so they do tend to move differently for different things. So, you may have loan A which is reported to Experian, while loan B is reported to Equifax. The widely used FICO credit score, which is derived from information in your credit file, ranges from a low of 300 to a high of 850. A credit score discrepancy is a difference in your credit score from one credit bureau to another. Good habits, such as making payments on-time and using less of your available credit, among others, can help you improve your credit health over time. Why is my TransUnion score so much lower than Equifax? The credit bureaus may have different information. For instance, Equifax uses a scoring model known as the Equifax Credit Score, while TransUnion uses a scoring model known as the. Equifax 834, Transunion 900. I thought 900 was a hypothetical score, like someone bowling 300. Often called "educational" scores. Everyone’s ability to interpret information differently just makes it nebulous and less than useful for the consumer. VantageScore 3. Score: 4. Some people want to achieve a score of 850, the highest credit score possible. Current spread is 81 points. The other. All you need is to follow the steps below: Login to your CIBC account on the mobile app. An "official" credit report is the one that a lender pulls direct from equifax or transunion. When you log into your Credit Karma account, you can access your free credit reports and scores from both TransUnion and Equifax. TransUnion report is accurate and I am pleased with my score. Which is better TransUnion Equifax or Experian? Based on our analysis, Experian provides the best service for the money. Identity Guard. For example, Experian puts a 35% emphasis on your payment history, whereas TransUnion puts a 40% emphasis on this category. We’ll explain what a credit bureau is, why Experian, Equifax, and TransUnion show different scores, if one bureau’s score matters more than the others, and ways to improve or build your credit score. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. For more information please visit us at and book an appointment today. My FICO went up like with the equifax reported by credit karma. 300-900. 0 is relied on by lenders across a variety of industries. This is because individual consumer reporting agencies, credit scoring companies, lenders and creditors may use slightly different formulas to calculate your credit scores. Not all lenders report to the other two. Why is my Equifax score lower than Experian? This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. ALL of my AU accounts that have been reporting for over a decade were removed from Equifax over the past week. The most likely explanation is that your three reports are not exactly the same, and that in particular there is something on the EX report that makes its score worse. The lower Equifax number is a common concern for many people. 5 / 5 - Excellent #1 in Credit Reporting. This means that Equifax, Experian, and TransUnion don’t have access to exactly the same data, which accounts for the difference in credit scores. Score: 4. I have 596 Exp and 670 with the other 2. Credit Karma uses a different scoring system than the one mortgage lenders use. ”. FICO credit scores, the industry standard for sizing up credit risk, range from 300 to a perfect 850—with 670 to 739 labeled “good,” 740-799 “very good” and 800 to 850 “exceptional. Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. This month I've had two statements reported on Feb. S. Why Is My Experian Score So Much Lower Than Transunion And Equifax. JUST NOW I ran my credit reports from all three agencies -- Experian, Equifax, Transunion. The scores may have different interpretations, a 600 from Equifax may be equivalent to a 700 from TransUnion. . Below are three VantageScore 3. ). Some people want to achieve a score of 850, the highest credit score possible. Score: 4. That said, Experian scores better than TransUnion across: Report Details and Frequency, and Credit Bureau & Credit Scores. Poor: 300 to low 600s; Fair to good: Low 600s to mid 700s; As you can see in the examples above, Nate’s Experian FICO Score 9 was 25 points higher than his VantageScore from Transunion and 20 points higher than his VantageScore from Equifax. This model ranges from 300 to 850. If you discover that an impostor is using your identity, don’t panic. The VantageScore model wasn’t introduced until 2006. 5/5 (35 votes) . Gives you a better understanding of your credit and more confidence when you apply. Experian: 715Score: 4. A creditor could be reporting your payments to just one or two of them, instead of all three. 1. On top of that, these credit reporting agencies use different scoring models to produce credit scores. 0). Delinquencies reported on a loan reported on one credit report, but not the others, is the most common reason why you'll see wide. Why is my Experian score lower than TransUnion and Equifax? This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. FICO® Score 8 may punish numerous late payments more severely than previous versions. Q: I just checked my credit score and my TransUnion score is 20 points lower than the others. This factor can affect your credit scores even if you pay your credit cards off in full each month. 590 on Experian, 651 on Transunion, exact same information for both. The reason why TransUnion score is higher than Experian score is because they use different data models to assess creditworthiness. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you'll see wide credit score. 0 scoring model. Credit-scoring Models Are Different. Why is my Equifax score lower than TransUnion? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. A 150-Point Difference in ScoresSimilarly, if you pay off a credit card debt and close the account entirely, your scores could drop. Scores range from 300 (very poor) to 850 (exceptional). Why is my Equifax credit score 37 points lower than my Experian score, and 47 point lower than my Transunion score? I have compared all 3 of my credit reports. For starters, Equifax and Transunion have their own proprietary algorithms, with each one assigning a different weighting to the. We would like to show you a description here but the site won’t allow us. Hello - I'm using CreditKarma to monitor my credit, for over a month now my credit scores have differed by nearly 100 points. It is also important to note that lenders might send their reports at different periods of time, so it is possible that TransUnion might have fresher updates than Equifax and vice versa. So I subscribe to both Equifax and Experian and have two completely different credit reports and now, ratings, for both. See your credit utilization rate details for each bureau. ERS 2. This is one of the least forgiving bureaus because much more weight is assigned to your payment history and the average age of your credit accounts. 30% total debt. A credit score discrepancy is a difference in your credit score from one credit bureau to another. | AUWhich credit bureaus banks check. On Credit Karma you’ll see scores and reports from TransUnion and Equifax, both using the VantageScore 3. 95 per month to $19. Why is my TransUnion and Equifax score different? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. If your credit file is different with each credit bureau, then your credit score might be different as well. 118 and 1 credit report with credit score costs Rs. Suzanne Kvilhaug. Third parties use many different types of credit scores and. Just follow the general advice given to you and you'll be fine (pay all your bills on time, keep utilization low, let credit age, open various types of loans, etc. ”. Why is my Equifax score lower than FICO? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. Credit mix: 10%. Why is my Experian score lower than credit karma? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. If your total credit limit across all your cards were $10,000, you’d want to keep your total balances below $3,000 to limit the negative impact on your score. The three credit bureaus are Equifax, Experian, and TransUnion. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. FICO. in 2020 TU was ~40 lower than my EQ and ~30 lower than my EX. A failure risk score will range from 1001-1,610, with a lower number meaning that the business is a high risk. I have since received a letter from Amex mentioning specifically my TransUnion credit report, so I created an account on TU to see my full report as well as download Credit Karma to check my TU score (as its apparently. Why is my TransUnion score 100 points lower than my Equifax? You might expect all of your credit reports and scores to be the same, but they are usually not. Why is TransUnion so much lower than others? Equifax and TransUnion have different scores because slightly different information is reported to each credit reporting agency. Re: Equifax Score Not Updating. Both hard and soft inquiries appear on your credit report, but it’s the hard inquires, those related to applying for credit cards and loans, that affect your score. . Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you'll see wide credit score. Also, back in the FICO 04 days, the algorithms were customized for each CRA. Why is my Equifax so much lower than TransUnion? The lower Equifax number is a common concern for many people. An Equifax credit score is a traditional credit score that will range from 101 to 992. The point of this. My Equifax report still lists my employer as "Parental Allowance" from when my parents helped me get my first credit card at 18. There are two main scoring systems: FICO – it was created in the 1950s and is used by mortgage lenders. A credit score is no more than a snapshot of your credit profile at one point in time. Why are my scores differ so much and Which score will…Experian, Equifax, and TransUnion each offer credit monitoring services. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information about your credit accounts. Tackling those reasons will help improve your score along with practicing good credit behaviors. They are my spouses cards and we share the same address and last name, of course. 0 scores from TransUnion and Equifax. 0 adopted the same. | Last update: February 9, 2022. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you’ll see wide credit score. 0. FICO ® Scores have been updated to reflect this change in behavior. 4/5 ( 47 votes ) The lower Equifax number is a common concern for many people. Hard inquiries help your lenders track how frequently you have applied for credit and can cause. The credit bureaus may not have the. 6 Their services allow you to monitor your VantageScore credit score but not your FICO score. Why is my Experian score 100 points higher than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. We would like to show you a description here but the site won’t allow us. It's basically the difference between a report and a score. Not on the electoral register (due to a muck up in my local office but soon to be rectified) but that should push me up. company, sells its score to both Equifax and TransUnion. On Credit Karma, my score are 797 and 806 for TransUnion and Equifax. These are all Fico score 8 scores which uses a 300-850 scale. Experian and Equifax are the two largest credit bureaus in the United States. So your FICO scores are your most relivant scores, followed by Vantage scores. Makes lending decisions consistent, fast, and fair. Why is my Equifax score lower than FICO? Asked by: Miss Megane Kuphal Jr. Score: 4. The information available online shows that Equifax uses an 81-month credit history. 0 scores. It falls below the national average FICO ® Score of 710, and solidly within the fair score range of 580 to 669. I have 596 Exp and 670 with the other 2. My suggestion is pulling the EX report and really going over it line by line, comparing it to your other reports. Your VantageScore® 3. Equifax®: Which Score Matters More? Victoria Araj 6-Minute Read UPDATED: October 30, 2023 The look of your credit score can be. The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three major credit bureaus. If we didn't, seemingly normal credit usage today would be considered a higher risk than in years past. TransUnion includes personal information and employment data, while Equifax focuses more on credit behavior and traditional credit data. Equifax credit scores are not used by lenders and creditors to assess consumers' creditworthiness. The score from Experian is FICO 08 scored as well. Credit card utilization is the ratio of credit card balances to available credit card limits. 740-799 = Very Good. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. It’s also important to note that credit scores are only sometimes 100% accurate and can vary. Both companies collect credit information on individual consumers, which they sell to lenders and. My Transunion scores have always been the highest of the three. Learn more. The only difference is that I have a single collections account reporting which is bogus. My Experian is looking pretty tidy. Also the different credit bureaus do calculate the scores differently. And a lender may report updates to different bureaus at different times. You Might Have Scores From Different Dates. Equifax: 711. Secured credit cards are a special type of card that requires a cash deposit to insure purchases made with the card. The other uses VantageScore 3. Equifax Credit Score. VantageScores below 600 are considered “subprime. Here's a few thoughts: You are basically wondering why your EX score is a lot lower than EQ or TU. Your Equifax credit score is more likely to appear lower than your TransUnion one because of the reporting differences, but a “fair” score from TransUnion is typically “fair. 0. TU (900) still has me as a student. Although ranges vary. FICO 5 relies solely on data from the credit reporting agency Equifax, while FICO 8 uses data from all three major credit reporting agencies: Equifax, Experian, and TransUnion. There are many reasons why the numbers between Equifax and Transunion may differ so much. This data is then distilled and calculated to create your credit score. Users of TransUnion eCredable Lift can report their utility bill payments, resulting in an overnight improvement to their credit scores. However, VantageScore 3. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you'll see wide credit score. . Why is my Transunion score 35+ points lower than my other scores and is there a way to dispute the score calculation? (I have 6 additional hard inquiries on my Transunion report that are 1-2 years old and I think those might be affecting my score, even though they are over 1 year old). Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. Financial experts typically recommend that your credit usage is below 30 percent of your credit availability. When people obtain their credit score through Transunion and Equifax, they are often surprised to see a different credit score from each bureau. VantageScore is the result of a collaboration between the three nationwide credit bureaus – Equifax, Experian and TransUnion. When I asked the lender about this, they said my score was 670. My Equifax (from Borrowell) is consistently 80-100 points lower than my TransUnion score (from CreditKarma/BMO), despite both reports showing the same credit accounts, inquiries and lack of collections or other negative items. Deriving from the name of its founder–the Fair Isaac Corporation – the FICO score is a general purpose credit scoring system that was created with the intent of eliminating inconsistencies between each lender’s own system. Why is Equifax lower than TransUnion? The lower Equifax number is a common concern for many people. VISIT SITE. Good: 670 to 739. FICO scores are general purpose credit scores developed. 0 and 2. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. Like before, the higher the score, the stronger your credit. After speaking with two mortgage specialists, I was led to believe that the two scores would be within 10 points of each other. Of course, there are several different versions of FICO scores, and the one your lender uses could be different than the one you get from Discover or Experian's. Credit Karma offers even more interactive tools and resources than Experian to help you improve your credit scores and meet financial goals. Credit takes time to grow. We’ll be covering that in greater detail below. Why is my Experian score 100 points lower than TransUnion and Equifax? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. 0 on Credit Karma will likely be different from your FICO Score that lenders often use. While they consider many (if not all) of the same factors when calculating your score,. In fact, there are several reasons why your scores from Experian, TransUnion and Equifax are typically different. Good: 670 to 739. There are also third-party credit monitoring services, such as MyFICO, Identity Guard, and LifeLock. But Canadian consumers cannot access their. Why is my TransUnion score lower? Your credit scores are calculated using information in your credit reports, so it's normal to see your score change as lenders provide updates to that information. Cost of the Report. Got the credit report back in mail and it seems equifax beacon 5 (FICO score 5) came out like 30 points lower than Experian (FICO 2) and Transunion (FICO 4). 99, you can view your Experian, Equifax, and TransUnion credit report as well as your FICO credit score. The most likely explanation is that your three reports are not exactly the same, and that in particular there is something on the EX report that makes its score worse. No disputes, no reason to cause them to be removed. My Equifax is more than 100 points lower than my TU score. Can someone tell me why the MyFICO TU score is 59 points. Amex primarily pulls Experian, though sometimes Equifax or TransUnion reports. The Equifax credit score model falls on a credit rating scale that starts at 280 and ends at 850. 0 scoring model. Feb 25, 2022. The other two only report the name of your employer and do not add any weight to that fact. Vantage scores are fickle things, anything could make the score change, heck the weather might affect for all I know. The actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. FICO credit scores have the following ranges: Below 580 = Poor. The base FICO ® Scores range from 300 to 850, while FICO's industry-specific scores range from 250 to 900. The FICO Score ranges from a low of 300 to a high of 850. Experian 76%. For instance, if you have a credit card with a $1000 credit limit reporting as a $100 credit limit, this could cause a big hit to your credit utilization ratio. This is free. Lenders also use but the Equifax score may be weighted differently. 5/5 ( 12 votes ) The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Would love to know the answer! Hello - 1303709Understanding credit score ranges. Equifax is reporting nearly 100 points lower, actually updated today I see it dropped another 22 points because I. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. The whole credit industry is weird. Both companies collect credit information on individual consumers, which they sell to lenders and. Differences in credit scoring formulas. High balances in comparison to credit limits can affect credit scores, and are a common reason for credit scores to fluctuate. Can be off by up to 100 points —causing you to under or overestimate your creditworthiness. Why is my Equifax score 100 points lower than TransUnion? You might expect all of your credit reports and scores to be the same, but they are usually not. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit bureaus—which is also. The other two only report the name of your employer and do not add any weight to that fact. 0 and 4. 95 a year and eCredable LiftLocker for $9. Each is collecting the same information about your credit history, but it's not uncommon for there to be slight variations among the different reports. These are FICO 8 scores. This includes an. And a lender may report updates to different bureaus at different times. This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. This is because individual consumer reporting agencies, credit scoring companies, lenders and creditors may use slightly different formulas to calculate your credit scores. The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Even large deviations between credit scores from. The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted. Why is Equifax lower than TransUnion? Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. First, it is important to understand what a FICO score is. Many creditors have a custom one, so may not even use the score you see. Step 2. By comparing the different reports from each agency, you can make a more informed decision. Both FICO and VantageScore assign higher credit scores to consumers deemed as lower-risk borrowers, and both currently range from 300 to 850. I'm at 705 TransUnion, but I'm at 588 on Equifax. Some lenders only report to one credit bureau, while other lenders report to both. The other two only report the name of your employer and do not add any weight to that fact. And less accurate for the lender ultimately. VantageScores above 780 are considered “superprime” while those between 601 and 660 are “near prime. Experian always seems to be my middle score while Equifax brings up the rear. Equifax. Here are five main factors that affect your credit scores: Payment history, or whether you pay your credit accounts on time, makes up about 35% of the typical credit score. Then there are “educational” credit scores. In both cases, higher. FICO is used in about 90% of lending decisions. Help spot potential signs of ID theft with 3-bureau credit file monitoring; Control access to your Equifax credit report, with certain exceptions, with the freedom to lock and unlock it; Uncover potential threats to your identity with dark web scanning and alerts Go to TransUnion’s site and submit a new dispute. Why is my Equifax score 100 points lower than TransUnion? You might expect all of your credit reports and scores to be the same, but they are usually not. They use different formulas to calculate your credit score. Transunion Vs. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. And a lender may report updates to different bureaus at different times. Second, Experian considers a different. They have change slightly since I originally post the. Both of these credit bureaus use a dynamic scoring model, but the weight they put on each variable varies. That’s because most issuers report credit. This means that your credit score may differ even with the same credit history. One uses FICO Score 9 based on data in my Equifax credit file. My Equifax report still lists my employer as "Parental Allowance" from when my parents helped me get my first credit card at 18. VantageScore was created in collaboration with all three credit bureaus, and VantageScore 3. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you’ll see wide credit score. I don't understand how they can be different by 30 points, let alone. FICO. Credit Karma says it's using Equifax and Transunion, and both of these agencies are showing similar scores. In general, good credit scores can make it easier and cheaper to borrow than low credit scores. 3 Bureau Credit Report & FICO Score: For $39. The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three major credit bureaus. Can be significantly different than your FICO Scores. between my two scores could stem from the fact that Equifax reports a slightly longer history and more accounts than TransUnion. Source: Based on the VantageScore, FICO score, Equifax, and Experian credit score range model. FICO is 300-850, Vantage is 501-990, PLUS is 330-830, TransRisk is 350-850, and so on). 3/5 ( 60 votes ) The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. TransUnion vs. The Bottom Line. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your Equifax. Why is my Experian score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. Delinquencies reported on a loan reported on one credit report, but not the others, is the most common reason why you'll see wide credit score. The credit scores you see when you check a service like Experian may differ from the FICO scores a lender sees when checking your credit. You also have an Equifax FICO® Score 8 and a TransUnion FICO® Score 8. One of the main reasons why your Equifax score may be significantly lower than your TransUnion score is because both credit bureaus use different credit scoring models to calculate your credit score. Each credit bureau will have a different credit score for each individual. On top of that, these credit reporting agencies use different scoring models to produce credit scores. wrote: I'm in the same boat. This may be a silly question but how come my Experian score is so much more different than my Equifax and Transunion scores? I get that they vary a little depending on the credit reporting company but my Experian score is drastically lower than the other two and I'm not sure why. Length of credit history: 15%. I am and have been getting alerts from Myfico about a lot of changes in my TU and EX since the beginning of February. Score: 4. Similarly to. In general, the higher your score, the better your chances of getting approved for credit cards or loans with more favorable terms, including lower interest rates and fees. Balance changes, lower utilization, score increase, etc. Re: Transunion credit score is 35+ points lower than Experian and Equifax scores. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. Both Equifax and TransUnion have scores that range between 300 and 900 in Canada. I thought 900 was a hypothetical score, like someone bowling 300. Updated: Aug 03, 2023 Why Your Credit Scores Can Vary So Much at Equifax, Experian, TransUnion Learn why credit scores. Generally, the credit bureaus collect information from different sources and have their own scoring model. Therefore, there are other reasons why the numbers. The credit bureaus may have different information. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. wrote: I'm in the same boat. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. Similar numbers. Most banks use FICO scores. Recently got a credit check for a mortgage and the Equifax score was 700, much lower than expected. My Equifax (from Borrowell) is consistently 80-100 points lower than my TransUnion score (from CreditKarma/BMO), despite both reports showing the same credit accounts, inquiries and lack of collections or other negative items. 2. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data. My Transunion score is in the tank though at around 567. There are two plans available: eCredable Lift for $24. We would like to show you a description here but the site won’t allow us. The other two only report the name of your employer and do not add any weight to that fact. Then you at least know the EQ and TU scores are FICO's. 5 reasons your FICO score may be lower than your credit score. Along with educational articles, it offers several loan and mortgage calculators. 0 based on my TransUnion credit. Your score differs.