From where are you getting your scores?
@Anonymous wrote:Thank you for the reply.
For Experian it is there website.
For EQ and Trans multiple places including credit karma and several. Creditcards.
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Also Apple Card did not approve me because they say I have a 660 fico score. I have probably spent 100k on apple products. Sick system we have.
Ok... before you start hating the system.. lol.. let's break this down a bit.
The score from the Experian website is your Experian FICO 8 score.
The Transuion & Equifax scores from Credit Karma are not FICO scores. Credit Karma offers scores of the Vantage 3 model which is different from FICO and used by very few, if any, lenders to make credit decisions. Vantage scores can differ from FICO scores but as much as +/- 100 points because it weighs various aspects of your credit profile differently. Credit Karma is great for monitoring activity on your reports -- but the scores provided are not very useful for obtaining credit as the overwhelming majority of lenders use FICO so you need to be monitoring your FICO scores.
Also understand that you have a total of 28 different FICO versions (incl. mortgage, auto, bankcard, and FICO 9) and lenders may use any of the 28 they see fit (though FICO 8 version is the most common). The scores you're getting from various credit cards may be one of the 28 FICO versions OR a Vantage score (since Vantage is free, many lenders offer that to their consumers) - you have to read the small print or the FAQs to find out which model they are providing.
To get all 3 FICO scores, you can sign up for Experian's 7-day trial. That will let you know where you stand with FICO 8 on Transunion & Equifax also, just be sure to cancel before the trial ends if you do not want to be charged the monthly membership fee.
If you want to know all 28 of your scores, you'll have to sign up for the myFICO credit service, which is more costly but very informative.
Once you get all 3 of your FICO 8 scores, you can report back and provide more detailed info on your credit profile and we can help figure out what you can do to raise your scores.
If a refinance is your goal (per your signature), then you would need to know your mortgage scores -- which are FICO versions 5, 4, and 2. You can only get all three of them from myFICO (however, version 2 can be obtained from the Experian service - both free and paid - since it's an Experian FICO score). FICO mortgage versions behave differently than the other FICO versions so it's a good idea to know where those stand so we can advise how best to increase them for your goal.
@Anonymous wrote:Thanks for the detail info. I am aware of these different scores and right now. Refinance is not my goal. I need to change that. I decided I will sell my properties instead.
A little background:
all 3 credit bureaus were reporting were in mid 600 until I relealized that adding credit would actual boost my score . Sick system. As soon as I added 3 cards in one month, my score on EQ and Trans jumped over 50 pts. Experian did not move reporting same info. That was two years ago. Since then I have two more credit cards.
EQ and trans rewards me for paying for credit cards every month. Experian does noting. Does not move Just penalizes me if I go above 10% utilization in a month and does not even recognize that I have paid off cards. I can look at past reports and is the same.
So the EQ & TU scores you mentioned being near 750 -- those are FICO 8 scores? We're not comparing FICO 8 to FICO 9 or something, right?
Do any derogatory accounts/public records/ late payments exist on Experian that do not appear on EQ & TU? Any other differences between the reports such as account age? There has to be something on Experian that's suppressing the score. Any details you can offer would be helpful.
That's not possible. It's not possible that the score doesn't change at all when you drop from 49% util to 10% util. Did the score change when util increased from x% to 49%?