scores don't match?

[Anonymous]

my husband and i are starting the credit repair journey to buy a house, hopefully within a year.

i talked to a finance person, who pulled his credit and the scores came in at an average 546 {awful, i know}.  since we're wanting to fix things, we signed up here and his score is a 613.  why is it so different?  we're needing to get to a 620-640.

i'll ask for specific help on our issues later, but i'm wondering why it is such a drastic difference.

thanks!

[Anonymous]

There are a whole bunch of formulas used to compute scores, and because of this, the scores from various sources won't match each other.

I'd focus on the EQ 04 / Beacon 5.0 FICO score used in the mortgage business.

It's available from DCU on a free monthly basis, and direct from the EQ site:

http://www.equifax.com/credit-score

[Anonymous]

what is DCU?

[Anonymous]

Digital Credit Union, open to anyone.

They offer free monthly EQ 04 scores, along with the usual checking, savings, credit cards, loans, and so on.

[takeshi74]

Generally speaking, several factors are at play:

1. Different scoring models will produce different scores even using the same data.

2. Different data from different CRA's will result in different scores.  Scores are based on your reports so at any given point in time and for any scoring model you have a score with each of the 3 CRA's.

3. Different data from the same CRA due to pulls being made at different points in time can result in different scores.