Trying to understand why my Experian score is so low

[Anonymous]

Hello All,

My scores are as follows:

1. Equifax = 683
2. TransUnion = 733
3. Experian = 641

I know why TU seems so different, becuse one of my credit cards that currently has extremely high utilization is not being reported to TU, and there is two collection accounts being reported to Equifax and Experian, but not TransUnion. Those collections will be gone shortly as I contacted the original creditor and got the situation straighted out this afternoon.  They said the collections will be removed within 3 business days.  Im really hoping that having these collections removed will dramatically increase my scores for EQ and EX.  

Having said that, both Equifax and Experian have the same accounts/balances/status being reported to them, but the Experian score is 42 points lower?  The only thing I can really see thats different is that Experian has "no update received" for worst delinquency and is blank for high balance for all of my installment accounts, and an old autoloan that ended in 2007 was reported to Equifax as 30 days late one time in 2009, but zero times 30 days late to Experian (which is the only late payment I have in my entire history).  No, I didnt mix that up.  Equifax (683) has the late payment noted, and Experian (641) does not have it noted!  

On the Fico Score Dashboard, the only summarized difference between EQ and EX is that EQ has my debt amount as 'Good' where as EX has it lasted as 'Fair'.  Explanding the "Heavy Use of revolving credit" notification shows they are both the same at 66%?   I know I need to get this number down, but if they are both at the same percentage, why is one showing as 'fair' with the other at 'good'?  

Also, while both EQ and EX show the collection, EX has a further note that it was recent, which I dont understand because both EQ and EX are showing the same date.  

[lhcole77]

Welcome to the Forums. Something I've learned over the years is that the same items can be weighed  a bit differently across the three agencies.

Is AAoA the same? UTL on each card being reported the same? Overall UTL the same?

[Anonymous]

Im such a newbie here!  So many acronyms!  

What is AAoA?  

I am guessing UTL is utilization?  all my cards are paid down to a zero balance, with the exception of one that is at 99% (9900 out of 10,000) due to some home remodeling that went over budget.  I fully expect to that one to be paid down/off over the next 12 months.  

[racer-x]

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@Anonymous wrote:

Im such a newbie here!  So many acronyms!  

What is AAoA?  

I am guessing UTL is utilization?  all my cards are paid down to a zero balance, with the exception of one that is at 99% (9900 out of 10,000) due to some home remodeling that went over budget.  I fully expect to that one to be paid down/off over the next 12 months.  

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Here ya go..  http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

Do yourself a favor and print the page out and put it right in front of you.   I've been here for a few yrs and I learn new acronyms all the time.

[Anonymous]

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@Anonymous wrote:

Im such a newbie here!  So many acronyms!  

What is AAoA?  

I am guessing UTL is utilization?  all my cards are paid down to a zero balance, with the exception of one that is at 99% (9900 out of 10,000) due to some home remodeling that went over budget.  I fully expect to that one to be paid down/off over the next 12 months.  

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AAoA is average age of account.Another thing it may be is inquiries that hit different bureaus.

[ddemari]

My EX fico is much lower than EQ and TU. If u look at all your reports, u can see why usually. Looking at my EX, i have LOTS of inquires compared to the EQ and TU (which i have a lot of too, but way more on EX). also i have a negative, an old charge off that only reports to EX.