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Established Contributor
Posts: 1,030
Registered: ‎02-14-2014
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Questions about Experian

I noticed before that there's significant disparity between my Ex score and my TU and Eq scores... on the order of 60 points.  With TU and Eq, I'm getting close to top tier auto financing, but Ex is lagging, and it concerns me. 

 

My question is twofold. 

 

First, are the products offered through Experian reliable ways of tracking a score?  Is there a better way?

 

Second, are there tips for CB specific tips to sort of optimize a score?

Moderator
Posts: 22,597
Registered: ‎12-13-2013
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Re: Questions about Experian

The score provided by experians monitoring service is their own in house model and no one sees it in the real world, it is a FAKO. If you want an experian FICO apply for and get a FNBO credit card it will provide you with a EX08 Bankcard Enhanced version of it monthly. If you are getting scores from each CRAs monitoring they are all FAKOs of different variety and the scores can vary widely between them.

 

To get your best FICO score you need to have your revolving CCs all paid off and reporting 0 with the exception of one which you will let report 1-9% of its CL to the CRAs. You can use your cards just be sure to have most of them paid off prior to the statement cut.


EX Fico 08 BC 08/15: 798 (-8); EX Fico 04 V2 06/14: 775
EQ Beacon 5.0 12/14 757
TU Fico 8 08/15: 761 (+6)
Valued Contributor
Posts: 1,794
Registered: ‎07-01-2010
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Re: Questions about Experian

Not clear from your post where you are getting your scores from, or whether they're FICO or FAKO.

 

The score disparity could be due to different formulas being applied to the same data.

 

The utilization you mention is around 35%, which will hurt your score.

 

Established Contributor
Posts: 1,030
Registered: ‎02-14-2014
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Re: Questions about Experian


user5387 wrote:

Not clear from your post where you are getting your scores from, or whether they're FICO or FAKO.

 

The score disparity could be due to different formulas being applied to the same data.

 

The utilization you mention is around 35%, which will hurt your score.

 


I know my Util is hurting my score, but I'd kind of anticipate that it would hurt my score uniformly across the board.  There's a 50-60 pt difference between Ex and Tu/Eq when I purchased the three reports through myfico.  Unfortunately, Ex isn't displayed in as consumer friendly a format as the other two, and it's difficult to determine what ELSE I can do to bump my scores between now and the time I purchase a car (my UTIL will be optimized at that time).

Valued Contributor
Posts: 1,794
Registered: ‎07-01-2010
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Re: Questions about Experian

The scores available here range from TU 98 to EQ 04 to EX 08, and I would not expect them to match each other.

 

You are dealing with different scoring models developed at different times, with different weights for various things on your report.

 

Established Contributor
Posts: 1,030
Registered: ‎02-14-2014
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Re: Questions about Experian


user5387 wrote:

The scores available here range from TU 98 to EQ 04 to EX 08, and I would not expect them to match each other.

 

You are dealing with different scoring models developed at different times, with different weights for various things on your report.

 


I wasn't expecting them to match, but I was expecting them to be close. 

Super Contributor
Posts: 9,120
Registered: ‎06-19-2013
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Re: Questions about Experian


Crisis wrote:

user5387 wrote:

The scores available here range from TU 98 to EQ 04 to EX 08, and I would not expect them to match each other.

 

You are dealing with different scoring models developed at different times, with different weights for various things on your report.

 


I wasn't expecting them to match, but I was expecting them to be close. 


until fairly recently my tu and eq were 60+ points different than the ex score i pulled from here, so pretty much different scoring models can make an big difference.



EX Fico 774 3/3/15 Fako 806 CS/Credit.com 11/24/14
EQ SW bank enhanced 5/26/15 827 CK fako 807 5/11/15
TU Fico Barclay's/Walmart 7/6/15 786 Fako 808 Creditkarma 5/11/15
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Valued Contributor
Posts: 1,794
Registered: ‎07-01-2010
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Re: Questions about Experian

It's possible for different scoring models to emphasize different things.  An example is the FICO auto enhanced score, used in the auto business:

 

http://ficoforums.myfico.com/t5/Auto-Loans/FICO-Auto-Enhanced-Scores/td-p/228198

 

It's also true that consumer behavior and credit laws have shifted over time, and this affects scoring.

 

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