Equifax 802, Transunion 848, Experian 839. com and my transunion fico score is WAY lower than my Equifax fico score. Score differences are very common and are usually the result of small variations of when information is reported and how it is weighted . Which is better Experian TransUnion or Equifax? Based on our analysis, Experian provides the best service for the money. Dispute directly with the company that reported the information to TransUnion. FICO defines the following credit ranges based on FICO® Score 8 credit scores: Exceptional: 800+. My Equifax FICO dropped 21 points because of this. A good VantageScore lies between 661 and 780, which the company calls a “prime” credit tier. 1. When the scores are significantly different across bureaus, it is likely the underlying data in the credit bureaus is different and thus driving that observed score. Secured credit cards are a special type of card that requires a cash deposit to insure purchases made with the card. On top of that, these credit reporting agencies use different scoring models to produce credit scores. According to the TransUnion website, it was developed by all three national credit reporting companies (including Equifax and Experian) and is “more predictive, more consistent, and more stable than older models. No disputes, no reason to cause them to be removed. 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. Equifax, meanwhile, uses its own scoring model with a range of 280 – 850, with “good” being 670 – 739 and higher. 0 Kudos. 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. It provides two scores, one based on credit bureau data from Equifax and the other based on data from TransUnion. Can be significantly different than your FICO Scores. Most banks use FICO scores. Just remember that none of your free credit reports include your credit score. ERS 2. Why is my Equifax 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. Equifax vs. Instead, we work with Equifax and TransUnion to. 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. 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 main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. Score: 4. The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three major credit bureaus. In my experience, equifax is always lower than Transunion (mine is 40-50 points lower last I checked) Two different companies with two different products and methods of coming up with scores. Debt balances make up about 30% of the typical credit score. Experian says it would be “unusual” if your credit scores align. But one of the above comments is right. Score: 4. It can certainly explain why your EX score is very different than the others. Below are the reasons mentioned for Equifax:What is the difference between Experian and Equifax and which one might be better for you? Read more to find out. Lenders also use but the Equifax score may be weighted differently. Equifax vs. Recently got a credit check for a mortgage and the Equifax score was 700, much lower than expected. 590 on Experian, 651 on Transunion, exact same information for both. Different FICO models can produce very different scores. In other words, your credit utilization rate is how much of your available credit you’re using at any given time. wrote: Why is my Experian score 74 points lower than my TU and Equifax scores? It reports the same stuff as the other 2. wrote: wrote: I'm in the same boat. Consumers normally do not have a single score but rather many credit scores. 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. The credit history reflected on your credit reports and scores can directly affect your ability to get credit. 95 per month. The FICO scores are MUCH LOWER than the actual Equifax and TU scores. FICO is a separate product issued by a separate company. Note that a credit report =/= credit score. 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. Fair: 580 to 669. Consumers. 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. Finally, let’s address what might be the most frightening reason for a drop in credit scores: Someone could have stolen your identity and applied for (and opened) credit accounts in your name. The average VantageScore 3. FICO says 90 per cent of Canadian lenders use it, including major banks. Good: 670 to 739. On Credit Karma, my score are 797 and 806 for. 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 and 4. 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. CreditWise uses TransUnion’s VantageScore 3. As the information on your reports directly impacts your credit score, it can be beneficial to check the reports and make sure everything is correct. 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. Some lenders only report to one credit bureau, while other lenders report to both. TransUnion’s credit monitoring services cost $24. But if you find a significant difference, it’s worth investigating. One uses FICO Score 9 based on data in my Equifax credit file. Why is Equifax lower than TransUnion? The lower Equifax number is a common concern for many people. But industry-focused FICO ® Scores range from 250 to 900, and VantageScores 1. VantageScore is the result of a collaboration between the three nationwide credit bureaus – Equifax, Experian and TransUnion. Borrowell pulls data from Equifax and CreditKarma pulls data from TransUnion. Users of TransUnion eCredable Lift can report their utility bill payments, resulting in an overnight improvement to their credit scores. At first, VantageScore credit scores featured a different numerical scale (501 to 990). Credit mix: 10%. TransUnion uses the VantageScore® model when calculating your credit score, based on a range of 300 – 850. 300-900. 0 range from 501 to 990. It shows my Transunion score from 4 months ago -February 2015 (score=715) and my Equifax score (NO SCORE) as of 1 - 4072030. VantageScore was created in collaboration with all three credit bureaus, and VantageScore 3. 0 and 4. I am and have been getting alerts from Myfico about a lot of changes in my TU and EX since the beginning of February. Experian and Transunion are usually much higher, but neither really tops the other consistently. 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. FICO Score 9 is already being used by hundreds of lenders, and eight of the nation’s top 10 lenders have either evaluated it, are in the process of evaluating it or plan to do so, according to. Some key factors in your scores, like on-time payments and age of credit history, can take several months or even years to establish. Why is my Experian score so much 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. In fact, 90% of lenders check FICO Scores rather than any other types of credit scores, though VantageScore is rapidly gaining popularity. I had a few accounts and debts on my report that have all been. It's also the least friendly to those just starting out building credit. 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. An "official" credit report is the one that a lender pulls direct from equifax or transunion. Data Collected. Maybe some small difference, like if you get a hard pull, it may only be on one but not the other. 03-29-2007 08:24 PM. VantageScore uses three different credit bureaus — Experian, Equifax, and TransUnion — to compete against FICO, and each bureau uses different algorithms. . It should just be math. Credit Score Ranges. New credit: 10%. The most common scores range from 300 points to 850 points. Gives you a better understanding of your credit and more confidence when you apply. You’ll have to purchase your credit score separately. 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. Credit score of 846 out of 999. For auto and personal loans, banks usually ask only one of the three big credit-reporting firms — Equifax, TransUnion or Experian — for a score, Bingham said. That’s because most issuers report credit. 580-669: Fair. The CRA each calculate their scores uniquely so they do tend to move differently for different things. There are also third-party credit monitoring services, such as MyFICO, Identity Guard, and LifeLock. First, lenders often perform what’s known as a credit check or a hard inquiry to review your credit reports and determine if you’re a suitable candidate for a loan. For instance, Equifax uses a scoring model known as the Equifax Credit Score, while TransUnion uses a scoring model known as the. The only difference is that I have a single collections account reporting which is bogus. New credit: 10%. Equifax. Your Experian, Equifax and TransUnion credit reports should be fairly similiar. Good Morning, Apologizing in advance if this question has been asked previously. So here is my situation: In August 2010, I bought a house at lower 300K and paid 10%+ down, thus having PMI over $100+/month. It was a Verizon account paid in a BK that was d/c 4/4/17. 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. However being under 700 on one while being over 800 on the other is unusual. Most lenders (at least in the midwest) pull their reports from Equifax and almost all of them report to Equifax, which is why it tends to be the lowest of the three. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. Credit card utilization is the ratio of credit card balances to available credit card limits. g. The main difference between Equifax and TransUnion is that each has their own proprietary method to calculate credit scores. Often called "educational" scores. This month I've had two statements reported on Feb. 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. 10% types of accounts, known as credit mix. My Experian is looking pretty tidy. They might also weigh your information differently depending on the type of credit account for which you've applied. 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. Experian utilizes the FICO scoring model while TransUnion scores are based on the VantageScore model. Credit score range. 740-799 = Very Good. Capital One doesn't have a favorite — but often pulls more than one. Why is my TransUnion score so low compared to Experian? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and. Provided your lenders report your payment history to the three nationwide consumer reporting agencies, a secured credit card can be a powerful tool for building and improving credit. For starters, Equifax and Transunion have their own proprietary algorithms, with each one assigning a different weighting to the criteria. And a lender may report updates to different bureaus at different times. They. 472. " Still no change. Here’s why. FICO scores are general purpose credit scores developed. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. 0 is an Equifax credit score model used by many lenders and institutions when making real-world lending decisions. Hi, I use Credit Karma. I will update these charts on a monthly basis and make notes of any. You’ll be able to attach supporting documents to your dispute if you submit it directly with TransUnion. Mostly just confused why the transunion would have gone down regardless of the model used. The basic FICO credit score range is 300 to 850. Equifax scores range from 280 to 850. 0 use the same 300-to-850 range as base FICO ® scores. Length of credit history: 15%. If you plan on applying for credit, make sure to check your FICO Score since there’s. My FICO went up like with the equifax reported by credit karma. If all is well, each agency should have all of your information identically. The Equifax credit score model uses a numerical range between 280 and 850, and FICO score models use a range between 300 and 850. 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. High balances in comparison to credit limits can affect credit scores, and are a common reason for credit scores to fluctuate. . . 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. 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. When people obtain their credit score through Transunion and Equifax, they are often surprised to see a different credit score from each bureau. Not all lenders report to the other two. Score differences are very common and are usually the result of small variations of when information is reported and how it is weighted. If you’d like to know more about the factors that influence your credit score, read our article on how credit scores are calculated. Fair: 580 to 669. 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. 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. We would like to show you a description here but the site won’t allow us. Equifax and TransUnion have access to different. But at my credit union, I have access to two different score models. First things first. 95 a year and eCredable LiftLocker for $9. I did an experiment where I put all my spend on one card and none on the other (0%), and Equifax didn't update it until a month later. If you have had missed payments on this loan, then you will find your TransUnion score is a lot lower than your Experian or Equifax score. If your credit file is different with each credit bureau, then your credit score might be different as well. 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. Another invisible difference between these agencies is the data collected. 95 a month. Applied for multiple lines of credit. Credit Karma offers even more interactive tools and resources than Experian to help you improve your credit scores and meet financial goals. Similar numbers. Like, TransUnion and Equifax both get told about all your credit lines and debts, so they should both have all that data. There are two plans available: eCredable Lift for $24. Is there a specific reason for this? A: The reason your credit scores are different from each other is because of the different information that the credit bureaus have about you. 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. (Experian, Equifax and TransUnion). In addition, TransUnion reports your employment history and personal information. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. 164 (including taxes/handling charges). Third parties use many different types of credit scores and. That's funny. 580-669 = Fair. 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. 0 is between 720 and 780. But at my credit union, I have access to two different score models. Equifax: why are my credit scores different? Your scores might be different on your Equifax and TransUnion credit reports. If your credit score dropped unexpectedly, there is a reason why and your credit reports will reveal the reason. This difference in emphasis can decrease or increase your credit score. We all collect similar information, and. VantageScores above 780 are considered “superprime” while those between 601 and 660 are “near prime. 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. Multiple factors could account for why your scores are different. If a collection shows up on Experian, but not the other two bureaus, you Experian credit score will be lower than your TransUnion and Equifax scores. My Equifax Dispute. Credit Karma is a user-friendly online service that offers free Vantage 3. 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. My Transunion score is in the tank though at around 567. But if you’re looking to take out a loan anytime soon, we still. Why are my scores differ so much and Which score will…Experian, Equifax, and TransUnion each offer credit monitoring services. So, if you have a $4,000 credit limit, your balance should remain below $1,200. I don't understand how they can be different by 30 points, let alone. Because there are varied scoring models, you'll likely have different scores from different providers. Fiance's scores are 770 and 760 for Equifax and TransUnion respectively. So, it’s normal for your scores to differ from bureau to bureau. 99, you can view your Experian, Equifax, and TransUnion credit report as well as your FICO credit score. FICO® credit scores are the auto industry standard for determining a potential buyer's creditworthiness. 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. I signed up for experians free credit report which includes your actual FICO score - I really wanted to know this number as I've read that Chase uses Experian scores for ecredit consideration and I was recently rejected for a Chase Saphire card. Equifax, Experian and TransUnion are the three credit bureaus responsible for reporting your credit score. There are a number of reasons for this. Equifax: 711. I work at a credit union and can tell you we only report to Equifax and Experian. Even though the precise number of the ranges might vary, in practice, the differences aren't major: The higher your credit score,. This is why your score can be so different with each one. While they consider many (if not all) of the same factors when calculating your score,. Why is my TransUnion score lower than my Equifax? The credit bureaus may have different information. A good score with TransUnion and VantageScore® 3. And only recently did we start reporting to Experian. 590 on Experian, 651 on Transunion, exact same information for both. Why is my Experian score so much lower than TransUnion and Equifax? Reasons Why Your Credit Scores Differ From Bureau to Bureau – It’s unlikely that you’ll have the same credit score across each of the three credit bureaus. 0 is between 720 and 780. In Nate’s case, Credit Karma was accurate enough to say that he had an excellent credit score, but wasn’t perfect. Frequently applying for credit card or loan offers can certainly cause a drop in your credit score. All credit-scoring agencies, including TransUnion and Equifax, use proprietary scoring models, and despite the fact that credit scores are based on similar or the same factors, such as payment history and the number of accounts in good standing, each model can weigh some of these factors in a different way. FICO scores are generally calculated using five categories of information. TransUnion is bringing up the rear among the three. 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. Since there are so many free credit score resources out there, you should know that FICO is the most widely used credit score among lenders. Although ranges vary. Some report to all three. The actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. TransUnion is bringing up the rear among the three. One or more of your lenders aren't reporting to Transunion. You’ll be able to attach supporting documents to your dispute if you submit it directly with TransUnion. They have change slightly since I originally post the. 0, which Credit Karma uses. TransUnion uses the VantageScore ® credit scoring model to calculate your credit score. Some lenders only report to Experian or Equifax. TransUnion: Credit Rating. 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). All you need is to follow the steps below: Login to your CIBC account on the mobile app. It’s impossible to say which credit reporting agency, TransUnion, Experian, or Equifax, is more accurate since all three agencies use similar methods to collect and report credit information, but may differ in their scoring models and data sources. Can be off by up to 100 points —causing you to under or overestimate your creditworthiness. 1/5 (66 votes) . Here's a few thoughts: You are basically wondering why your EX score is a lot lower than EQ or TU. TransUnion and Equifax calculate credit scores differently. 95 a year and eCredable LiftLocker for $9. Why is my TransUnion score lower than my Equifax? The credit bureaus may have different information. Makes lending decisions consistent, fast, and fair. FICO is 300-850, Vantage is 501-990, PLUS is 330-830, TransRisk is 350-850, and so on). Comparing TransUnion vs. I have 596 Exp and 670 with the other 2. 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. Your student loans might affect your credit scores in several different ways. Updated: Aug 03, 2023 Why Your Credit Scores Can Vary So Much at Equifax, Experian, TransUnion Learn why credit scores. Credit scoring at Equifax works in largely the same way as the process works at Experian (and TransUnion). 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. And a lender may report updates to different bureaus at different times. The actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. Experian offers free access to credit scores and credit reports. 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. Why is my Credit Karma Score much lower than FICO Score? I signed up for that $1 promotional 3 Bureaus report from an Experian company. In my experiance, they seem to be more up to date on your payment history, but not your balance. Here's a few thoughts: You are basically wondering why your EX score is a lot lower than EQ or TU. My relative's TransUnion score is currently in the 680s, the Experian score is in the 650s but the Equifax is only in the 620s. Why is my Experian score so much 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. They are my spouses cards and we share the same address and last name, of course. 0 and 2. You also have an Equifax FICO® Score 8 and a TransUnion FICO® Score 8. Message 3 of 6. Additionally, your score may fluctuate over time due to changes in your credit report. 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. Don’t be worried if that’s the case. 1. But, I am concerned about Equifax score and why it is so low. Yes we display your Equifax credit 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. On the next page, click on "Equifax Credit Report & Score. VantageScore 3. My Equifax is more than 100 points lower than my TU score. Why is my Equifax score lower than Experian? This is due to a. These are FICO 8 scores. 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 score with TransUnion and VantageScore® 3. The higher the number, the more trustworthy the consumer appears to be. Score: 4. Score: 4. Some lenders only report to one credit bureau, while other lenders report to both. 4. Equifax Equifax scores range from 280 to 850. It however is still being marked as an open collections account. ”Earlier this year, pharmacy technician Curtis Webb thought his credit score was high enough to help him snag good terms on a mortgage. Since then TU has been the laggard of the three most of the time. A few hours later, my Equifax Vantage Score 3. Use? , 90% of system design is similar few numbers in life accuracy or completeness of Equifax in the United one credit report. Available for free with monthly updates on Paisabazaar. I did find a couple of minor discrepancies on my Equifax report, disputed them, and they have been "resolved. 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. Lenders can use any of the credit reference agencies to check your credit score in the UK. 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. When lenders review your credit report for the purpose of an application, a “hard inquiry” is placed on the credit report they checked. Then I came directly here to myFICO and ran my FICO score. FICO and TransUnion’s New Account Score ranges from 300 to 850; Vantage, from 501 to 990; Equifax’s is between 280 and 850 and Experian ’s is 330 to 830. That’s because the lender may be using a FICO score based on data from a different credit bureau. Equifax and TransUnion scores can only be as accurate as the information they receive. Yeah and I wish they'd explain exactly what they did wrong. 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. Can someone tell me why the MyFICO TU score is 59 points. Both Equifax and TransUnion have scores that range between 300 and 900 in Canada. Variations in the data reported by creditors and lenders, as well as. FICO scores are generally calculated using five categories of information. The only discrepancies that I see from my creditkarma report is transunion reports 3 inquiries (3 credit cards) while Equifax reports 1 (just my verizon wireless--soft pull I presume) and on transunion the only thing that is not showing up is a recent payment that I made on my Bank of America card that brought my utilization on that card from 99% (I. Experian and Equifax are the two largest credit bureaus in the United States. Find The Best Credit Reporting. 0 is relied on by lenders across a variety of industries. ALL of my AU accounts that have been reporting for over a decade were removed from Equifax over the past week. FICO provides a single-number credit score, while major credit bureaus like Equifax, Experian, and TransUnion (not covered in this article) offer a more detailed look at an. The score from Experian is FICO 08 scored as well. Score: 4. The FICO Score ranges from a low of 300 to a high of 850. Helpfully, and perhaps defensively (if it does report lower scores than the other bureaus), Experian has an explainer article. FICO is used in about 90% of lending decisions. Both range from 300 to 900, which is the credit score range in Canada. When a lender runs your credit, they’ll usually see your three FICO. Edit: The reason Credit Karma is stating for the low score is a combination of a high number of hard pulls and that my average account age is too new. 3. In fact, there are several reasons why your scores from Experian, TransUnion and Equifax are typically different. Credit bureau: Credit scores are calculated using data listed on your credit report, which comes from one of the three major credit bureaus — Experian, Equifax or TransUnion. A person’s Experian credit score may be lower than their TransUnion or Equifax scores for several reasons. This model scoring scale starts at 300 (the lowest) and caps at 850. “It was close to 730. 0 credit score was lowered by 72 points. By law,. The whole credit industry is weird. Credit Karma only uses Trans Union data so it does not take into consideration Experian or Equifax data which can be different. If you discover that an impostor is using your identity, don’t panic. FTC's website on credit. Re: Why is Experian so much higher? @C-XRS2005 wrote: only the one was from there, the other were from myfico. Length of credit history: 15%. 0 model includes additional factors such as rent history and a ‘trended’ credit. So if Equifax has access to different information about your credit than TransUnion, your scores from each of the bureaus might also be different. Equifax. Why is Equifax lower? Your Equifax score is lower than the other credit scores because there is a slight difference in what is reported to each credit agency and each one uses a slightly different method to score your data. If you have many recent inquiries, lenders may assume that you are having financial problems. TransUnion differs in credit history length. 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. To maximize all these scores you. 0 and 2. Why Is My Experian Score So Much Lower Than Transunion And Equifax. I think this is due in part to (1) some of my inquiries hit only Equifax rather than TU, and (2) for some bizarre reason, Equifax isn't calculating my age of accounts (it says N/A or something like that), nor is it accurately reporting my credit limit. These are what you see when you look up your. Many creditors have a custom one, so may not even use the score you see. A “good” score may rest in the 661 – 720 range. FICO® Score 8 is a little more forgiving of a one-time late payment than previous versions. The higher the number, the. 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. 590 on Experian, 651 on Transunion, exact same information for both. " 03-23-2012 12:19 AM. The other two only report the name of your employer and do not add any weight to that fact. But each model makes very different scores. | Last update: February 9, 2022. Credit score range. An Equifax credit score is a traditional credit score that will range from 101 to 992. The lower Equifax number is a common concern for many people. If you plan on applying for credit, make sure to check your FICO Score since there’s. This factor can affect your credit scores even if you pay your credit cards off in full each month. 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. This is why it’s. Credit Score Range. It's important to know that you have more than one credit report. Thanks in advance, L C BMW pulled a 540 experian for me while USAA and capital one. A credit score is no more than a snapshot of your credit profile at one point in time.