Understanding FICO® Scoring

[KDM]

I've got my three scores off myfico.com and Equifax is by far the lowest.   Anyone else have a similar situation?  Just wondering why that score is so much different than the others when they seem to be reporting the same accounts.

[okrogius]

Big differences can be accounted by differences in reports, accounts, balances, reported dates, inquiries, etc.

Small differences can also exist given the different formulas.

[Lori344]

Here here, Equifax hates me.... 

My EQ score is at least 40 points lower than the other 2. They do not respond to disputes/corrections (I don't believe they really verify debts). My biggest gripe with them is the lack of communication and the complete disregard. Those (insert mean word) will not even change my report to my married name (I was married in 2003). They won't budge.

edited to run spell check

Message Edited by Lori344 on 07-03-2007 09:14 AM

[MidnightVoice]

EX hates me.  100 points lower than TU, 80 points lower than EQ.  Tu loves me

[cinoeye]

For me TU is the worst, slowest....

[Lori344]

I think TU is growing a strong "like" for me I like them too.

[Noah_Bodie]

TU is the slowest and least responsive, but I get the best scores outta them--FICO and FAKO.

EX I find reports fast, but DW and I get the lowest FICO and FAKO scores from them.

DW just pulled her FICOs. 712 TU, 674 EQ, 642 EX. 70 point differennce between TU and EX. MyFico EX report also reports things which aren't on a recent paper copy of an EX report. Also isn't on the online dispute link for EX when the EX report comes up. What the?

[dazednconfused]

I think Ex hates me too, but I find Eq to be the highest, followed by TU and then of course our friend EX. 

[ekuzniar]

Equifax is handled by that !@#$%$#@ company CSC...and my scores are drastically different from my other two

EQ 504

EX 615

TU 624

My problem with them is that although they are reporting all ofthe same accounts, they refuse to hadle my disputes like the others.  I have some crazy number of late payments with on this report...like 137 vs. TU where I have 0.  They are reporting some collection accounts as Installment accounts, with 25 120+ payments each (2 year history), which is what is killing my score.  Every time I dispute with them, requesting that they "report accurate information", they verify with the collection agency and update to show yet another late payment.  The other two CB's seem to understand the difference between revolving, installment and collection classifications...why not these guys??

I am in Indiana...anyone else with drastically different EQ scores in this region.  Maybe it is CSC.

[Namtac]

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KDM wrote:

I've got my three scores off myfico.com and Equifax is by far the lowest. Anyone else have a similar situation? Just wondering why that score is so much different than the others when they seem to be reporting the same accounts.

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EQ is always 30-40 points below the other two on my reports.

EX and TU are very close and consistent.

Makes me wonder what EQ is doing...