Saturday, October 31, 2009

My credit score is higher in equifax Why?

in experian is 594 and equifax is 660



what does it mean?



My credit score is higher in equifax Why?

There are 3 major credit beaureau%26#039;s that credit cards work with; Experian, Equifax and TransUnion. Some credit cards report only to one, some report only to the other and very few report to all three. Its kind of like having 3 different stores and they dont all have the same distributors. more than likely some of your debt is located on another report and your info is separated between them. YOu coudl have a high credit score with a credit card who reports to one, but the one you have a bad history with reports to another one. here%26#039;s my suggestion:



Under the terms of the Fair and Accurate Credit Transactions (FACT) Act of 2003, the three nationwide Credit Reporting Agencies must establish a centralized source for consumers to request and obtain a free copy of their credit report once every 12 months, beginning December 1, 2004, and to be completed by September 1, 2005



you can go to www.annualcreditreport.com or call: 1-877-322-8228



this will be a combined credit report from all 3 companies. YOu shoudl check your credit report once every year. This is due to the lack of communication between all 3 of them. FACT: 70% of all credit Reports have errors. I hope this helped.



My credit score is higher in equifax Why?

they may have differing amounts of information. i think different credit agencies use different scoring systems, too.



My credit score is higher in equifax Why?

maybe they dont have all the factors to account for the other points or they us another algorithem. you are talking 10 percent so my guess would be they dont have the same data.



My credit score is higher in equifax Why?

The credit agencies use different scoring methods. Also what shows up on one credit report my not necessarily show up on another. You will always show different scores from the various agencies. Pull your credit report to see why experian is so low.



My credit score is higher in equifax Why?

Because not all companies report to all three bureaus.



My credit score is higher in equifax Why?

They probably haven%26#039;t found out something yet, that the others have.



My credit score is higher in equifax Why?

All the above listed answers are correct, but also, not all companies, such as mortgage, credit card, etc report to all credit bureaus. So some might have more information on you than others.



My credit score is higher in equifax Why?

You need to pull all three scores and reports and compare to see what information one has that the other doesn%26#039;t. if your lowest score is missing a good thing, write to that credit bureau.



Major stuff like home loans look at all 3 scores and go by the middle one--- so if 660 is your middle score, thats fairly good!

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