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I have a 49 point discrepancy between my "myFICO" ordered credit scores. There are a couple of differences between the into on the reports, but I am surprised at the big score difference:
TU is 666
EQ is 715
My CL on TU is $12650, balances $3990, Util% 31.54%
My CL on EQ is $10150, balances $4119, Util% 40.58%
so that makes my TU Util better than my EQ.
My AAoA on TU is 3.5 years, EQ is 3.3 years, so both are considered 3 years.
TU is showing an old Discover card with an 8/99 AAoA, EQ is not.
TU is showing my Crown Jewelry account opened 10/08, EQ is not
TU is showing a higher balance on a CC than EQ, but both Util are right under 40%.
TU is showing a lower balance on a CC than EQ, TU Util= 39.68%, EQ Util= 53.44%
TU is showing a lower balance on a CC than EQ, TU Util= 62.28%, EQ Util= 75.28%
TU shows my mortgage being 152,818
EQ shows my mortgage being $152,016
TU INQ - 5
EQ INQ- 0
Other than what I have listed, everything else is identical. Now I can understand with the extra couple of accounts on TU (1 old closed card and Crown Jewelers) that dings my "new credit" column. And the 5 Inquiries hurt me on TU. But My AAoA is basically identical, and my overall Util is better on TU, lower balances on 2 cards ... I guess I am just baffled at that large of a point difference?
Maybe I was rebucketed in one of the companies but not in the other? I do have a major derog 2 years ago (120+ day late mortgage) that is showing the same on both reports ... could the bucketing be the issue? I just can't imagine the tiny differences are the key?
what are the factors that each is listing as "hurting your score"?
My EQ score is from scorewatch which doesn't give a report like when you order the scores one by one, so I don't know what EQ says, but TU says
I am rated "Good" overall, and "good" on Payment History, Amount of Debt, Length of Credit History. I am rated "bad" on amoun of new credit.
You have a serious delinquency (screwed up my mortgage payment)
You have too many credit accounts with balances (7 of my 10)
You recently missed a payment (same issue as the serious delinquency)
You've recently opened too many new credit accounts (5- car loan 7/08, installment loan 1/09, crown jewelers 10/08, target 12/08 and AMEX 8/08, so I assume in August I "should" at least have a bit of a score bump?)
So did the one account that differs between the reports (Crown Jewelers) pushed me over the acceptable "new credit" number?