topic Re: USAA Credit score - Experian Vs Equifax in Rebuilding Your Credit

USAA Credit score - Experian Vs Equifax

Viper786 — Fri, 23 Mar 2012 05:01:01 GMT

I am really confused. I currently pay for the USAA credit monitoring service and in a little confused as to why there's a 120 point difference between my EQ and EX scores. I'm not including TU in the comparison because I have a collection on EQ and EX and not on TU.

So my credit report is identical on EQ and EX with the exception of hard inquiries. My EX has 7, all within the last year and my EQ has 2 that are over a year old. My EQ score is 575 and my EX score is 695... Why such a big difference if the reports are pretty much identical? Shouldn't my EX be lower considering it has a lot more inqs?

Re: USAA Credit score - Experian Vs Equifax

laz98 — Fri, 23 Mar 2012 05:06:31 GMT

I have a huge discrepancy between my scores too. Not sure why. I figure since they're all FAKOs, it doesn't really matter

Re: USAA Credit score - Experian Vs Equifax

Anonymous — Fri, 23 Mar 2012 05:17:01 GMT

yes they are FAKOS. However they are all one type of FAKOs, PLUS scores. For me, my USAA plus score are very close. 2 are the same and one is off by 2 points. you should take a very close detailed look at the two reports.

Re: USAA Credit score - Experian Vs Equifax

buildingitbackup — Fri, 23 Mar 2012 18:08:32 GMT

USAA was WAY! off for me. 50pts.

Re: USAA Credit score - Experian Vs Equifax

chasmith — Fri, 23 Mar 2012 18:26:38 GMT

My USAA FAKO scores are identical across the three bureaus. Since all use the same methodology I would look carefully for reasons they vary between bureaus.

There is no correlation between FAKO and FICO scores...

Re: USAA Credit score - Experian Vs Equifax

Anonymous — Fri, 23 Mar 2012 19:40:06 GMT

my USAA is always off....EX shows SUPER high, while TU & EQ are both the same. personally - I wouldn't put too much effort into figuring it out. They're FAKOs so the actual score doesn't mean anything

Re: USAA Credit score - Experian Vs Equifax

Anonymous — Fri, 23 Mar 2012 19:48:54 GMT

@Anonymous wrote:
my USAA is always off....EX shows SUPER high, while TU & EQ are both the same. personally - I wouldn't put too much effort into figuring it out. They're FAKOs so the actual score doesn't mean anything

I respectfully differ on this opinion. if your credit files from three beareaus are very similar or same. A single formula, in this case PLUS should result in very close scores. This has proven true for myself and DW. DW's is same across the board and mine is very tight with one of them being 2 points off.

I would have to think there is something in the credit reports that are different to trigger such a huge discrepancy. Of course, this is all conjecture.

Re: USAA Credit score - Experian Vs Equifax

Cdnewmanpac — Fri, 23 Mar 2012 20:30:33 GMT

Part of it may come from the way different lenders/CAs are reporting to the different bureaus. For example, I had one paid collection. It appeared on all 3 reports. However, the CA reported it as a delinquent account to EX and EQ, but as a collection to TU. There was no way to know that from the info USAA provided. It wasn't until I pulled my annual reports that I saw the code difference.

Part of it may be that the dates and data for each item are slightly different from agency to agency. My student loans are all in deferral, but TU treats deferred loans differently than EQ, who in turn treats them differently than EX. As a result, my AAoA ranges from 6 years 10 mos on EQ to 5 years 4 mos on TU, with EX in the middle.

My problem with the USAA credit reports is that they are not very granular. It is hard to tell what is different between the different agencies and which is correct. My guess is that some combination of what I've listed accounts for your differences.

FYI, the information on my EQ report from USAA and my EQ report from MyFico are vastly different and both were different from my annual report from EQ.

Re: USAA Credit score - Experian Vs Equifax

Anonymous — Fri, 23 Mar 2012 20:34:11 GMT

@Cdnewmanpac wrote:
Part of it may come from the way different lenders/CAs are reporting to the different bureaus. For example, I had one paid collection. It appeared on all 3 reports. However, the CA reported it as a delinquent account to EX and EQ, but as a collection to TU. There was no way to know that from the info USAA provided. It wasn't until I pulled my annual reports that I saw the code difference.

Part of it may be that the dates and data for each item are slightly different from agency to agency. My student loans are all in deferral, but TU treats deferred loans differently than EQ, who in turn treats them differently than EX. As a result, my AAoA ranges from 6 years 10 mos on EQ to 5 years 4 mos on TU, with EX in the middle.

My problem with the USAA credit reports is that they are not very granular. It is hard to tell what is different between the different agencies and which is correct. My guess is that some combination of what I've listed accounts for your differences.

FYI, the information on my EQ report from USAA and my EQ report from MyFico are vastly different and both were different from my annual report from EQ.

+1 one that. I'd like to be able to see a more detailed individual raaw reported than the cleansed tri-merged report. I've also noticed that older lates are not noted on the EQ and TU reports from USAA service.

Re: USAA Credit score - Experian Vs Equifax

Anonymous — Sat, 24 Mar 2012 00:18:44 GMT

I'll use USAA for alerts and basic info. When the increase is significant, then I'll spend the bigger money on a Fico

Re: USAA Credit score - Experian Vs Equifax

Student_Loans_Kill — Sat, 24 Mar 2012 00:54:28 GMT

My USAA scores are 590 across the board, while my Ex myfico and Tu98 are 665 5 MAJOR FACTORS THAT INFLUENCE THE PLUS CREDIT SCORE® 31% Payment History and Bankruptcy 30% Credit Card Debt 15% Length of Credit History 14% Type and Number of Credit Cards 10% Credit Applications and Inquiries 100% PLUS Credit Score

Re: USAA Credit score - Experian Vs Equifax

Repo-ed — Sat, 24 Mar 2012 02:19:44 GMT

My USAA FAKOs and MyFICO scores are actually fairly similar currently.

Again, YMMV.

Re: USAA Credit score - Experian Vs Equifax

Anonymous — Sat, 24 Mar 2012 02:55:54 GMT

@Anonymous wrote:
I'll use USAA for alerts and basic info. When the increase is significant, then I'll spend the bigger money on a Fico

+1 To see details, you really need to have the report straight from each CRA. I just use USAA as a monitor of changes.