Reply
Valued Contributor
Posts: 1,424
Registered: ‎07-24-2007
0

Why is there such a big difference between the three scor...

Why is there such a big difference between the three scores? Actually, TU and EQ are are pretty close (9 point diff.), while EX is 60 points difference.  
New York Yankees - 2009 World Series Champions. 27... and counting.....
Super Contributor
Posts: 8,172
Registered: ‎03-25-2007
0

Re: Why is there such a big difference between the three scor...

[ Edited ]
Mine vary by ober 100 points.
 
Different things on the reports, some TLs not reporting to some CRAs, inqs rarely use all 3 (except Mortgage and Auto), and EX refuses to really veryify any disputes.  :smileysad:


Message Edited by MidnightVoice on 07-26-2007 01:14 PM
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Frequent Contributor
Posts: 489
Registered: ‎05-23-2007
0

Re: Why is there such a big difference between the three scor...

Mine are the exact opposite. My TU and EX scores are within 10 points while my EQ score is 70-80 points less.
Regular Contributor
Posts: 137
Registered: ‎04-20-2007
0

Re: Why is there such a big difference between the three scor...

I guess I should consider myself lucky my scores only have a spread of 27 points.
 
TransUnionDate: 7/18/2007
EquifaxDate: 7/18/2007
ExperianDate: 7/18/2007
New Visitor
Posts: 3
Registered: ‎07-26-2007
0

Re: Why is there such a big difference between the three scor...

I'd like to know the same thing about these scores. What does one credit company see that the other one doesn't. I think a scoring system is unfair, because everything that we pay is not reported to the credit companies. I paid 15 years of house payments, never missing one, but that wasn't reported because it was thru a title company. I'm in the process of checking these three companies. So far I have found my name spelled wrong about 10 times and they have the wrong Social Security number. There is even one company that is being investigated, yet they still have the power to tell people, no you can't buy that! Like I said, the scoring system is not fair. My scores average about 30 to 50 points different from company to company. Great, wonderful system, NOT!
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Why is there such a big difference between the three scor...

Also remember that there is a different scoring formula for each CRA. :smileyhappy:
New Visitor
Posts: 3
Registered: ‎07-26-2007
0

Re: Why is there such a big difference between the three scor...

I know they each use a different source, the ladder keeps getting higher and higher! If they have to go with this scoring system, they should be required to go to one source. That would save money and time. I believe that would also clear up alot of inadequacies in the system.
Regular Contributor
Posts: 108
Registered: ‎06-19-2007
0

Re: Why is there such a big difference between the three scor...



lutootbuc wrote:
I know they each use a different source, the ladder keeps getting higher and higher! If they have to go with this scoring system, they should be required to go to one source. That would save money and time. I believe that would also clear up alot of inadequacies in the system.



This has been my beef for some time. THere is no reason to have 3 credit bureaus. Especially, since they all have different information,which they make us pay for. I know its called FAKO, but I feel if people are paying for a service, there should be no FAKOs, only correct information.
04/18/2008 TU 723 EQ 715 EX 746
New Visitor
Posts: 3
Registered: ‎07-26-2007
0

Re: Why is there such a big difference between the three scor...

Don't want to beat this subject to death, but maybe we should. Perhaps no one has ever challenged "the system." Enough disputes and questions, maybe they will keep their records up to date. Peggy Fair, all I can say is AMEN! Thanks for your reply. Maybe we can get the folks at these 3 wonderful agencies, to glance at these comments!

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.