topic Re: Massive Score Variations in Understanding FICO® Scoring

Massive Score Variations

Anonymous — Fri, 05 Mar 2010 21:41:51 GMT

Hello all, need some assistance on this one:

Scores: TRU - 592, EFX - 636, EXP - 743. All accounts are good, no collections, no late payments. All accounts report to all 3 credit bureaus, so there isnt any data discrepancies. Pretty high balance to limit ratios. One credit card account has the comment "paying under partial or modified payment agreement".

My question is, is there a major difference in the way that each of the credit bureaus scores balance to limit ratios or is there a major difference in the way each credit bureau interprets and scores the "modified payment agreement" comment? I cannot see any reason why there would be such a major variation between each score when all 3 bureaus have the same data.

Any insight is very appreciated.

thanks

Re: Massive Score Variations

cdtotten — Fri, 05 Mar 2010 22:14:57 GMT

Where did you get these scores from?

Re: Massive Score Variations

laz98 — Sat, 06 Mar 2010 05:25:45 GMT

well, the experian score is definitely a FAKO. no one can get their EX score anymore, with like 2 rare exceptions. the other two, i can't say for sure, since idk where you got them from.

Re: Massive Score Variations

RobertEG — Sun, 07 Mar 2010 06:35:27 GMT

I agree with Laz.

There are hundreds of different scoring models out there.

The only way you can do any direct comparison is to know who produced the scoring algorithm.

Anything labeled a FICO score was done under a Fair Isaac licensed scoring model.

But Fair Isaac licenses totally different scoring algorithms to each of the three CRAs. Even if you have identical credit files with each CRA, the scores the FICO scores you receive from each can vary, usually by no more than 30-pts.

The Exp score is not a FICO score, and thus not comparable.

Re: Massive Score Variations

Anonymous — Mon, 08 Mar 2010 14:38:17 GMT

These scores were taken off a tri-merge credit report prepared by a company called MDA. It was pulled by a mortgage company. Thanks for the responses so far!

Re: Massive Score Variations

Anonymous — Mon, 08 Mar 2010 15:05:09 GMT

If they were pulled by a mortgage company they should be FICO scores, including the EX.

Did they tell you this is what they were using to qualify you for a mortgage?

Not every creditor reports to all three CRAs. You may have things on one report that is not on the others.

Look at all three and you will probably find the differences in reporting.

Message Edited by guiness56 on 03-08-2010 07:05 AM

Re: Massive Score Variations

Anonymous — Mon, 08 Mar 2010 15:43:26 GMT

Yes, this is the report being used to qualify for the mortgage. I thought the exact same thing, that there should be something different from report to report, but all of the accounts are reporting to all 3 credit bureaus. Im stumped.

Re: Massive Score Variations

Anonymous — Mon, 08 Mar 2010 19:03:28 GMT

Sometimes it takes a fine tooth comb. I've never pulled identical reports for myself or for DH. And, I have to say, tri-merge reports are hard to read - at least our mortgage pull was. Yours may be all perfectly identical - but that's SO rare. Would you be willing to have someone else fine-tooth search it with you? Sometimes a second pair of eyes is helpful.

Also, what did your mortgage guy/gal say? Usually they use your middle score - were they concerned with the high and low scores?

It'll be interesting to figure out why the discrepancy. DH has quite a spread, as well, but his reports are significantly different. My three scores are pretty tight, but my reports still vary a good bit.

Hope you are able to solve the mystery. Agatha Christie's got nothin' on FICO!

Re: Massive Score Variations

Jazzzy — Tue, 09 Mar 2010 00:11:19 GMT

Hi Christian...you have to look at every element of every entry on each of the 3 files. There are differences there...you just haven't found them yet.

You've likely got something negative going on with the TU report.

ETA: Just wanted to add that the last person who couldn't find a difference in his/her reports finally found the big difference. They had not looked at the Public Record part of the report because they didn't think they had any. Surprise! They did. You've probably got something negative reporting to TU that isn't reporting to EX.

Message Edited by LynetteM on 03-08-2010 06:11 PM

Re: Massive Score Variations

Anonymous — Tue, 09 Mar 2010 01:58:10 GMT

Here's one for ya.

Myfico scor eis 726 as of 3/6/2010, but though True Credit monitoring my vantage scores areTu:679 Ex: 680 Eq: 679 or bottom 30% (D). How is that possible and what am I missing?

Re: Massive Score Variations

fused — Tue, 09 Mar 2010 03:55:35 GMT

westonj wrote:

Here's one for ya.

Myfico scor eis 726 as of 3/6/2010, but though True Credit monitoring my vantage scores areTu:679 Ex: 680 Eq: 679 or bottom 30% (D). How is that possible and what am I missing?

Welcome to the forums!

The link below should answer your question?

Credit Scoring 101

Re: Massive Score Variations

Anonymous — Wed, 10 Mar 2010 01:53:45 GMT

Thanks and I will cancel my FAKO monitoring.

Re: Massive Score Variations

haulingthescoreup — Wed, 10 Mar 2010 02:36:08 GMT

westonj wrote:
Thanks and I will cancel my FAKO monitoring.

Monitoring your reports is great. Just ignore the FAKO scores.