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Why the big gap in all 3 scores on Experian and Equifax report?

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Anonymous
Not applicable

Why the big gap in all 3 scores on Experian and Equifax report?

I recently applied for the Capital One Savor and Bank of America Premium Rewards cards thinking I would be ok since my credit is in the mid 600s.When i was turned down I got a letter stating that my Equifax was too low.So i pulled my credit reports from the Equifax website and found that all of my scores were 100 points or more lower than on Experian.

I looked over the credit reports and the information seems accurate.If the information is the same on both bureaus why the big jump?

 

Scores from Equifax
Equifax - 527   Transunion - 503   Experian - 510

 

FICO scores from Experian

Equifax - 647   Transunion - 643   Experian - 634

Message 1 of 6
5 REPLIES 5
kiea
Frequent Contributor

Re: Why the big gap in all 3 scores on Experian and Equifax report?

Capital One do not use FICO 8 scores for approvals.  They use FICO 5.  

 

You probably will need to pull your reports from myfico or CCT to get the FICO 5 score.

Start of rebuild July 2021

January 2022
Message 2 of 6
Anonymous
Not applicable

Re: Why the big gap in all 3 scores on Experian and Equifax report?


@Anonymous wrote:

 

Scores from Equifax
Equifax - 527   Transunion - 503   Experian - 510

 

FICO scores from Experian

Equifax - 647   Transunion - 643   Experian - 634


It looks like our friend may be subscribing to a credit monitoring tool from EQ and another from EX.  The EQ product might not even be supplying FICO scores at all.

 

The advice to sign up for a single product that gives all scores for all bureaus is the best, given the question our friend is trying to answer.  That product would be the myFICO Ultimate, though personally I would cancel it after a week since $40/mo is a ton of money to pay.  All our friend really needs on an ongoing basis (i.e. after the Capital One question is answered) is the three FICO 8 scores which can be obtained for $1 maybe once a month or even once a quarter.  And there are a lot of free tools that offer frequent free reports.

Message 3 of 6
Anonymous
Not applicable

Re: Why the big gap in all 3 scores on Experian and Equifax report?

This is the case for me too on equifax. I cancelled they arent selling FICO scores IMHO. Their 3B report is so far off from the myFICO report (and EX report). Their own score for me is different. Probably a different version than what I want so I don't waste my time or money.
Message 4 of 6
thornback
Senior Contributor

Re: Why the big gap in all 3 scores on Experian and Equifax report?


@Anonymous wrote:

I recently applied for the Capital One Savor and Bank of America Premium Rewards cards thinking I would be ok since my credit is in the mid 600s.When i was turned down I got a letter stating that my Equifax was too low.So i pulled my credit reports from the Equifax website and found that all of my scores were 100 points or more lower than on Experian.

I looked over the credit reports and the information seems accurate.If the information is the same on both bureaus why the big jump?

 

Scores from Equifax
Equifax - 527   Transunion - 503   Experian - 510

 

FICO scores from Experian

Equifax - 647   Transunion - 643   Experian - 634


Experian provides FICO 8. 

Equifax provides their proprietary Equifax score.  From their website: 

 

"Equifax® 3-Bureau credit scores are each based on the Equifax Credit Score model. Third parties use many different types of credit scores and will not use the Equifax 3-Bureau credit scores to assess your creditworthiness."

 

The FICO Scores from Experian are the ones with which you should concern yourself.    It is possible Cap One and BOA use a different version of FICO than FICO 8. 

 

The Experian site will provide all 7 versions of your Experian FICO, but only the FICO 8 version for Equifax and Transunion.   To get all 28 versions of your FICO score you will need to purchase them from myFICO.    

 

Note: The CCT $1 trial (mentioned by a prior poster) is the exact same thing as what you are getting from Experian (Experian bought them out a couple of months ago).  

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"
Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA:
4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:  


Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
Message 5 of 6
Jannelo
Frequent Contributor

Re: Why the big gap in all 3 scores on Experian and Equifax report?


@kiea wrote:

Capital One do not use FICO 8 scores for approvals.  They use FICO 5.  

 

You probably will need to pull your reports from myfico or CCT to get the FICO 5 score.


I did not know this.  Interesting.  

Open Credit Cards:
Green Dot Primor Secured (5/18) - $450 CL (CLOSED 2/2020)
Capital One Platinum (8/18) PC to Quicksilver (9/19) - $3800 CL
Capital One QuicksilverOne (3/19) - $4800 CL
Merrick Bank DYL VISA - No AF (6/19) - $1400 CL
Discover it Cash Back (9/19) - $2800 CL
Amazon Prime Store Card (4/20) - $10,000 CL
NFCU cashRewards (4/20) - $4500 CL
BB&T Spectrum Cash Rewards (5/20) - $3500 CL
Navy Federal More Rewards American Express® Card (3/21) - $9700 SL - at 9.65 %.
Experian FICO Score - 8/2018: 528

Experian FICO 8 Score - 9/2022 - 720
Equifax FICO 8 score 2/2022- 692
TransUnion FICO 8 score 10/2022 - 728
Experian FICO Mortgage Score - 725
Message 6 of 6
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