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What causes your scores to be different with other Credit Reporting Agencies?

Frequent Contributor

What causes your scores to be different with other Credit Reporting Agencies?

I notice there is a 50 point difference between Experian and Equifax, Experian is my highest score now. But all the information is reporting the same. I do have more inquires on Equifax than Experian. I have 7 inquires with Equifax and 3 with Experian. How can having the same information on two CRAs come up with different scores, Will my scores every be the same number for all 3 CRAs?

Starting Score: EX: 650 EQ: 630 TU: 620 01/06/2014
Current Score: EX: 673 EQ: 673 TU: 643 05/06/2015 / Last App: 05/04/2015 / In the Garden Until: 01/04/2017
Desired Scores EQ 700 EX 700 TU 700
1k 2k 4k $2,200
Message 1 of 11
10 REPLIES
Valued Contributor

Re: What causes your scores to be different with other Credit Reporting Agencies?

Now if ya asked for the meaning of life, I could answer that one...Smiley LOL

 

Like different companies, making the same size shoe, but each feels different, even though the size is the same.

 

 

Message 2 of 11
Senior Contributor

Re: What causes your scores to be different with other Credit Reporting Agencies?

Different algortihms.  Even a single company can have different models that produce different scores.

 


JMills wrote:

Will my scores every be the same number for all 3 CRAs?


Anything's possible but it's highly unlikely.  Why are you fixated on them being the same?  Again, they don't use the same algorithms so it's a given that the scores will differ.

 

Additionaly, differing number of inquiries != same information.

Message 3 of 11
Frequent Contributor

Re: What causes your scores to be different with other Credit Reporting Agencies?

I guess I want to know if it can happen, but just was curious. My Tu and EX are just a 2 point difference

Starting Score: EX: 650 EQ: 630 TU: 620 01/06/2014
Current Score: EX: 673 EQ: 673 TU: 643 05/06/2015 / Last App: 05/04/2015 / In the Garden Until: 01/04/2017
Desired Scores EQ 700 EX 700 TU 700
1k 2k 4k $2,200
Message 4 of 11
Valued Contributor

Re: What causes your scores to be different with other Credit Reporting Agencies?


JMills wrote:

I guess I want to know if it can happen, but just was curious. My Tu and EX are just a 2 point difference


You're lucky. Sometimes mine is like a rollercoaster.

Message 5 of 11
Frequent Contributor

Re: What causes your scores to be different with other Credit Reporting Agencies?

That's the million dollar question these FAKO score systems try so hard to decode.

 

I'm pretty sure the ample difference in hard pulls play a role in the difference of your scores. But 50 points?!? That's weird.

"When you're fresh meat you kill... and give them something fresher" (Frank Underwood)
Message 6 of 11
Frequent Contributor

Re: What causes your scores to be different with other Credit Reporting Agencies?

All my scores are real Fico Scores!
Starting Score: EX: 650 EQ: 630 TU: 620 01/06/2014
Current Score: EX: 673 EQ: 673 TU: 643 05/06/2015 / Last App: 05/04/2015 / In the Garden Until: 01/04/2017
Desired Scores EQ 700 EX 700 TU 700
1k 2k 4k $2,200
Message 7 of 11
Valued Contributor

Re: What causes your scores to be different with other Credit Reporting Agencies?

I'm wondering the same exact thing. My Exp. score has the least no. of INQ's than the other 2 and one or two less baddies that the others--but it also 45 and 58 pts. LOWER than the other two!! It's (EX) probably the best report out of the 3-go figure!!

Message 8 of 11
Moderator

Re: What causes your scores to be different with other Credit Reporting Agencies?

I know sometimes my accounts are just coded differently. On Experian I just noted that one account was noted as Credit Card and the on Equifax it says Revolving or other and then on Transunion it just says Revolving. Does that have anything to do with it for some people?
Message 9 of 11
Super Contributor

Re: What causes your scores to be different with other Credit Reporting Agencies?

There's 49 different Fico scoring models out there so it all depends on which one is being used 

 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 10 of 11