Equifax score

[conteh]

My exuifax score 85 points lower than the other two scores, can some one explain please? How will lenders see this?

[user5387]

There are lots of possibilities.  Are you using the same scoring model across all your reports?  Where are you getting the scores from?

Do all your reports have the same information?  Mine don't.

[conteh]

Thanks for replying. I just ordered my fico score with scores from all three

some thing has to be wrong right

[conteh]

what is a scoring model? I was under the impression the fico score is what lenders use?

[user5387]

There are multiple sources of scores, including FICO and various others called FAKOs.

Within FICO, there are a bunch of variations, and there are lots of threads on this forum about this subject.

If your scores are based on a variety of formulas, or there is different information across your reports, or the scores are not pulled on the same day, then you may have large mismatches.

[conteh]

will this affect me when I try to get a loan, or will they see the big gap and question the Equifax score?

Thnaks

[user5387]

It might.

You may have erroneous information on one of your reports, and it's worth getting to the bottom of the issue.

If it's a derogatory, it's worth trying to do something about it.

[conteh]

Okay thanks

[Lechte]

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@conteh wrote:

My exuifax score 85 points lower than the other two scores, can some one explain please? How will lenders see this?

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Depends which lender.   The Transunion Fico from here is TU98, hardly any lender, if any lender at all, uses that.  TU04 is used primarily by Mortgage Lenders, and TU08 by CCC's.  From my knowledge, only place to get a TU04 is from your lender, and TU08 you can get if you have a CC that offers it monthly with the card.   The EQ here is the one Mortgage Lenders use.  The EX here is a newer version and just a few lenders as of now use that one.

[noobafterbk]

so what your saying is that having a subscription here is not worth much unless purchasing a house in the near future because the scores we see are either irrelevant or can be obtained for free via a credit card. good to know.