Why is my transunion fico so much higher

[Anonymous]

Why is my transunion Fico  740 and my Equifax Fico is 692.  They have identical information.  Why would the other be so much lower?

[MarineVietVet]

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@Anonymous wrote:

Why is my transunion Fico  740 and my Equifax Fico is 692.  They have identical information.  Why would the other be so much lower?

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Hi and welcome.

If your information is truly identical then you are in rare company because that hardly ever happens. Have you gone over each of them side by side line by line?  And if they do have the same data the CRA's all look at information slightly differently.

For instance my TU looks at my non-mortgage balances and tells me they are too high but EQ seems to care less about that. As you can see by my scores my TU is 39 points less than EQ. I stopped worrying about it a long time ago.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

Even if they have the same accounts and balances they may classify them differently.Also it  is  at least possible that this is simply a question of the different scoring algorithms computing a different score.  But remmember too that those scores are only about 7% apart.

[RHAL]

I am right there with you. My reports are identical as well... EQ just has a grudge against me.

[Anonymous]

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@MarineVietVet wrote:

Hi and welcome.

If your information is truly identical then you are in rare company because that hardly ever happens. Have you gone over each of them side by side line by line?  And if they do have the same data the CRA's all look at information slightly differently.

For instance my TU looks at my non-mortgage balances and tells me they are too high but EQ seems to care less about that. As you can see by my scores my TU is 39 points less than EQ. I stopped worrying about it a long time ago.

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+1.  My TU is 33 points higher. 

My reports from all three CRA's actually have some variations - which is absolutely the norm.  It might be a good idea to go through line by line so you're totally familiar with what is reporting differently amongst your CR's.  Sometimes folks just focus on some aspect of their CR, i.e. a 30 day baddie on some account, or some such, that reports identically on all three - without looking at every account, every opening date and so on.

And then again, in my case, those differences are nothing to worry about.  But I appreciate the 33 point "bonus" TU is giving me.  Too bad hardly anyone pulls TU in my neck of the woods.  ;(

[marty56]

Some things to check (these have affcted my score):

TU hates balances on CCs.  It seems like they count auto and morgage loans along with revolving balances.

EQ hates # of accounts with lates.  Going from 2 accounts with 30 days late each to one could make a big score difference.

EQ can ding you for no CCs reporting a balance, even with installment debt being reported.