General Credit Topics

[so_confused]

Are the scores from scorewatch usually higher or lower then TU and EX? ...anyone have an idea?

[ilovepizza]

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so_confused wrote:

Are the scores from scorewatch usually higher or lower then TU and EX? ...anyone have an idea?

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TU and EX are FAKOS. I don't even look. They can be higher or lower. Either way they are Retail scores. They aren't the ones mostly used by lenders.

[ilovepizza]

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smallfry wrote:Got it. I have both for a few more days and I see the setting is indeed 1 month on the EQ SW.

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What do you like about each, which one works better for you? Thanks.

[so_confused]

let me ask it this way....if I have a true EQ fico @691....can I expect my true fico's from TU & EX to be higher or lower generally?

[ilovepizza]

If all the information on EX and TU were the same then yes your FICO score would be the same on all 3. They differ some usually. Sometimes you don't have all the account on each. Sometimes you have a late on one but not the other. Mine are all the same with the exception of inquiries and some reported dates. My 3 scores are all about the same. That really depends on each person too. Other wise I get score changes on EX first because they update faster than EQ and TU. Then the other 2 catch up. They can also be 200 points different if information is different. But TU Vantage and EX Plus is not FICO. You can buy all 3 from this site.

[MidnightVoice]

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so_confused wrote:

can I expect my true fico's from TU & EX to be higher or lower generally?

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Yes.  

In theory they should be similar, but the FICO from eash CRA uses a slightly different formula, some companies report to one and not the other, some of them update faster than others etc, etc.

For example, on a day last week, my EX was 61 points lower than my EQ which was 42 points lower than my TU.  That is a 102 point range

[ilovepizza]

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so_confused wrote:

let me ask it this way....if I have a true EQ fico @691....can I expect my true fico's from TU & EX to be higher or lower generally?

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The FICO is scored the same way on all 3. What makes them different is lets say you have a bank that reports your credit card to Ex but not Eq and you max out your card. Ex will be much lower because it shows a large debt where Eq doesn't show large debt. Other wise you can expect them to be close to the same if all the information is the same.

[so_confused]

the reason I asked...is my TU and EX reports are not as dirty as my EQ report ....so.....could they be higher or am I just dreaming?

[MidnightVoice]

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so_confused wrote:

the reason I asked...is my TU and EX reports are not as dirty as my EQ report ....so.....could they be higher or am I just dreaming?

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They could be higher.  But try cleaning up EQ as well 

[ilovepizza]

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MidnightVoice wrote:

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so_confused wrote:

can I expect my true fico's from TU & EX to be higher or lower generally?

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Yes.

In theory they should be similar, but the FICO from eash CRA uses a slightly different formula, some companies report to one and not the other, some of them update faster than others etc, etc.

For example, on a day last week, my EX was 61 points lower than my EQ which was 42 points lower than my TU. That is a 102 point range

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Oh wow!! I learn something new ever day. The FICO is slightly different for each CRA? Or each CRA reports the data different to the FICO scoreing system. Either way, I had no idea. I thought FICO was calculated the same way for each model. Now I am confused. Please confirm I understand this correctly. I don't believe I have any room to take advantage of the differences in relation to score do I? I just only figured out EQ.