Credit Cards Center Credit cards from our partners
Reply
Member
Posts: 8
Registered: ‎07-28-2009
0

On average which Credit Reporting Agency usually has the lowest score?

Since TU and EQ are the only two scores we can get access to on our own, does anybody know if on average which one of the three usually scores the lowest?  I've noticed that TU has much more detail on my report so I was just wondering if TU would usually be the one.  Thanks!
Moderator Emeritus
Posts: 5,267
Registered: ‎03-18-2008
0

Re: On average which Credit Reporting Agency usually has the lowest score?

Speaking only for myself, my TU score has been consistently at 20-30 points lower than my EQ.
Super Contributor
Posts: 5,703
Registered: ‎10-06-2007
0

Re: On average which Credit Reporting Agency usually has the lowest score?

I am in the major derog score group so EQ smacks me the hardest.
11/28/2014 FICO: EQ: 796 EX:788 TU:803
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
0

Re: On average which Credit Reporting Agency usually has the lowest score?

3 years ago when all 3 of my reports were nearly identical EX was 8 points lower than EQ and TU.
Senior Contributor
Posts: 3,240
Registered: ‎04-03-2008
0

Re: On average which Credit Reporting Agency usually has the lowest score?


NewShoes wrote:
Since TU and EQ are the only two scores we can get access to on our own, does anybody know if on average which one of the three usually scores the lowest?  I've noticed that TU has much more detail on my report so I was just wondering if TU would usually be the one.  Thanks!

There is no universal rule.

 

According to various whitepapers on Fair Isaac's site, their statisticians work hard to ensure that all versions of their scoring algorith have the same distribution of scores; this is extremely important to lenders who want to know that if they impose a cutoff score of X that will equal Y percent of the population.  However, each version weighs various factors differently.

 

Think of several professors teaching sections of the same undergraduate class at a college or university.  Having taught at that level myself I can assure you that no matter how hard we tried to be fair and consistent no two evaluators will agree all the time.  So what we usually did was agree on our grading curve: X percent would get A, Y percent would get B, etc., because we knew it would not be fair to the students if one of us was a much harder or easier grader than the others!  But making sure we gave out comparable percentages of A grades did not mean, could never mean, that every student to whom I gave an A would have been given that grade by another instructor.

 

Based on various comments I read here when we could get all three, and on my own experience when I could get all three, I believe the main difference among the CRAs for those with clean histories is how they weight (1) percentage utilization on revolving debt, (2) total amount owed on revolving accounts, and (3) number of accounts reporting a balance.   For example my wife and I both have well-paying jobs, we use very little cash, and our credit cards have high limits.  So at the end of some months we might briefly owe more than a thousand dollars on every card, which we always pay in full.  As a percentage of our limits this looks very small, but as a total amount it looks moderately large.  Now the rest of my history is such that even with this quirk my scores always come out over 780 so I'm not to worried about this.  But before the next time my wife and I plan to apply for something, for a couple months in advance I'm gonna prepay those credit cards in order to make sure all my scores will be over 800.  In my own case, whenever I could see my EX it was my highest, so if I get both the others above 800 then I can be confident all three are, but for somebody else that might not be the case.

 

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Senior Contributor
Posts: 4,923
Registered: ‎04-19-2009
0

Re: On average which Credit Reporting Agency usually has the lowest score?

Each of the scoring models and CRB implementations thereof place a diffent emphasis on certain factors. Depending on where you are weak (or strong) your lowest score can be on a different CRB.

 

In my case TU is my highest (and has been), TX is second highest. EQ brings up the rear. EQ does not like baddies and two still report there. There is nothing I can do about it. (Scores 700 - 735)

Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: On average which Credit Reporting Agency usually has the lowest score?

When I had a 90-day late (serious derog), EQ was nearly 30 points lower than TU and presumably EX. (My TU and EX always matched pretty well.)

Once WFNNB removed the 90, and all the other lates on the account, EQ is now nearly the same as TU.

EQ hates lates, period.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Frequent Contributor
Posts: 277
Registered: ‎10-21-2008
0

Re: On average which Credit Reporting Agency usually has the lowest score?

My EQ and TU are within two points of each other, and the only difference between them is that TU still reports +30 TLs ('too many accounts' ding) while EQ has dropped down to about 23 TLs.  Those would be closed/paid student loan accounts that EQ has dropped, for the most part.
Super Contributor
Posts: 5,703
Registered: ‎10-06-2007
0

Re: On average which Credit Reporting Agency usually has the lowest score?


haulingthescoreup wrote:
EQ hates lates, period.

Not as much as I do.  If I could only squeeze 1 more point out of EQ and then they  would not ding me 3 points for 0% CC util. 

11/28/2014 FICO: EQ: 796 EX:788 TU:803
Regular Contributor
Posts: 189
Registered: ‎03-10-2008
0

Re: On average which Credit Reporting Agency usually has the lowest score?

Experian has always been my lowest.  20-30 points less than the other two.  TU likes me the best.  All three reports have the same info reporting.  TU and EQ are usually within 5 points of each other for me.
01/07 scores: Too scared to find out after looking at my free CRA reports
03/08 scores: TU: 660 EQ: 646 EX: 624
09/09 scores: TU: 735 EQ: 778 EX: ???
02/10 scores: TU: 779 EQ: 801 EX: 798 (home loan officer pull)
03/14 scores: TU 799 EQ: 809 EX: 817 (car loan credit union pull)
All that hard work paid off!!!! I'm now a happy home owner with an awesome interest rate!

CC Limits Garden Amex Clear $23000, USAA World Amex $15000, USAA Wold MasterCard $15000, BECU Visa $10,000, PenFed Visa $15000. Took a long time to get nice limits and low interest from that first app to BECU for $500 when I first started cleaning up my reports.
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

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. 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.