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Valued Contributor
cobra19
Posts: 1,424
Registered: ‎07-24-2007
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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.  
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MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
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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
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Frequent Contributor
chartley3
Posts: 489
Registered: ‎05-23-2007
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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
KevKaos
Posts: 137
Registered: ‎04-20-2007
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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
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lutootbuc
Posts: 3
Registered: ‎07-26-2007
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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!
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Tuscani
Posts: 6,182
Registered: ‎03-29-2007
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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:
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lutootbuc
Posts: 3
Registered: ‎07-26-2007
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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.
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PeggyFair
Posts: 108
Registered: ‎06-19-2007
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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
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lutootbuc
Posts: 3
Registered: ‎07-26-2007
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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!

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