It is really affecting me getting an auto loan. The other two only report the name of your employer and do not add any weight to that fact. If you’d like to know more about the factors that influence your credit score, read our article on how credit scores are calculated. That’s the highest factor percentage, which means it’s critical to pay bills on time with no exceptions. A “good” score may rest in the 661 – 720 range. Great chance you are comparing a score from Credit Karma with a range of 501-990 versus the score your bank is using. As the information on your reports directly impacts your credit score, it can be beneficial to check the reports and make sure everything is correct. Is there a specific reason for this? A: The reason your credit scores are different from each other is because of the different information that the credit bureaus have about you. It also impacts your cost of borrowing. Yeah and I wish they'd explain exactly what they did wrong. Delinquencies reported on a loan reported on one credit report, but not the others, is the most common reason why you'll see wide. And a lender may report updates to different bureaus at different times. You’ll be able to attach supporting documents to your dispute if you submit it directly with TransUnion. Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. Even large deviations between credit. If your credit score dropped unexpectedly, there is a reason why and your credit reports will reveal the reason. Score: 4. Experian utilizes the FICO scoring model while TransUnion scores are based on the VantageScore model. Equifax and TransUnion are two of the most popular credit bureaus in Canada, and more and more people are seeking out their services as they go to apply for mortgages, loans, condo rentals, and. The higher the number, the more trustworthy the consumer appears to be. That’s because most issuers report credit. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. The other two only report the name of your employer and do not add any weight to that fact. I have been watching my score with Credit Karma and just checked by paying Equifax, and my EQ is 81 points lower. Both companies collect credit information on individual consumers, which they sell to lenders and. Mostly just confused why the transunion would have gone down regardless of the model used. Lenders can use any of the credit reference agencies to check your credit score in the UK. wrote: I'm in the same boat. Some people want to achieve a score of 850, the highest credit score possible. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your Equifax. 0 is relied on by lenders across a variety of industries. The CRA each calculate their scores uniquely so they do tend to move differently for different things. Or, if you have an account that is incorrectly reporting a late payment, then this will cause a huge hit to the payment history portion of your score. We would like to show you a description here but the site won’t allow us. But Canadian consumers cannot access their. A few hours later, my Equifax Vantage Score 3. Equifax and TransUnion have access to different. A credit scoring model like FICO or VantageScore evaluates your Equifax credit report and. Many creditors have a custom one, so may not even use the score you see. And a lender may report updates to different bureaus at different times. Provided your lenders report your payment history to the three nationwide consumer reporting agencies, a secured credit card can be a powerful tool for building and improving credit. In Nate’s case, Credit Karma was accurate enough to say that he had an excellent credit score, but wasn’t perfect. 0. 9/5 ( 64 votes ) Your payment history on loan and credit accounts can play a prominent role in calculating credit scores; depending on the scoring model used, even one late payment on a credit card account or loan can result in a decrease. Why is my Transunion score 35+ points lower than my other scores and is there a way to dispute the score calculation? (I have 6 additional hard inquiries on my Transunion report that are 1-2 years old and I think those might be affecting my score, even though they are over 1 year old). The credit history reflected on your credit reports and scores can directly affect your ability to get credit. If a collection shows up on Experian, but not the other two bureaus, you Experian credit score will be lower than your TransUnion and Equifax scores. In my experiance, they seem to be more up to date on your payment history, but not your balance. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. My relative's TransUnion score is currently in the 680s, the Experian score is in the 650s but the Equifax is only in the 620s. That's funny. Borrowell pulls data from Equifax and CreditKarma pulls data from TransUnion. Credit Karma only uses Trans Union data so it does not take into consideration Experian or Equifax data which can be different. Financial experts typically recommend that your credit usage is below 30 percent of your credit availability. You can find the contact information under the account details section of your credit report. TransUnion’s credit monitoring services cost $24. 590 on Experian, 651 on Transunion, exact same information for both. So, if you have a $4,000 credit limit, your balance should remain below $1,200. A 700 score places you right in the middle of the good range, but still slightly below the average credit score of 711. In fact, there are several reasons why your scores from Experian, TransUnion and Equifax are typically different. Score: 4. The Equifax is not a FICO score. Why is TransUnion so much lower than others? Equifax and TransUnion have different scores because slightly different information is reported to each credit reporting agency. So I subscribe to both Equifax and Experian and have two completely different credit reports and now, ratings, for both. The actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. Gives you a better understanding of your credit and more confidence when you apply. Variations in the data reported by creditors and lenders, as well as. 590 on Experian, 651 on Transunion, exact same information for both. Credit Score Range. 1. 5 / 5 - Excellent #1 in Credit Reporting. Along with educational articles, it offers several loan and mortgage calculators. I have 596 Exp and 670 with the other 2. THere are many more than that. Score: 4. . They’ll likely be slightly different, and it’s possible they could be very different. Some lenders only report to Experian or Equifax. One uses FICO Score 9 based on data in my Equifax credit file. I did find a couple of minor discrepancies on my Equifax report, disputed them, and they have been "resolved. Good: 670 to 739. In general, good credit scores can make it easier and cheaper to borrow than low credit scores. Credit card utilization is the ratio of credit card balances to available credit card limits. Updated: Aug 03, 2023 Why Your Credit Scores Can Vary So Much at Equifax, Experian, TransUnion Learn why credit scores from TransUnion, Experian and Equifax credit bureaus can be so. Also it is at least possible that this is simply a question of the different scoring algorithms computing a different score. Inquiries stay on your credit report for. Sponsored. Higher scores mean you have demonstrated responsible credit behavior in the past, which may make potential lenders and creditors more confident when evaluating a request for credit. 0 on Credit Karma will likely be different from your FICO Score that lenders often use. The scores currently showing on my credit karma account are 720/723 for Transunion and Equifax respectively. There is now, an almost 50 point difference, in the negative, between my Transunion score and the others. VantageScore was created in collaboration with all three credit bureaus, and VantageScore 3. Taking a 290K loan, I have been paying $1900/month for almost 1. Your credit card balance is higher than usual. 0 in July 2021 was 693. Experian: 715Score: 4. Why is my Experian score 100 points lower than TransUnion and Equifax? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. Credit score of 846 out of 999. As your score climbs through and above this range, you can benefit from the increased freedom and flexibility healthy credit brings. Source: Based on the VantageScore, FICO score, Equifax, and Experian credit score range model. Equifax and Transunion use FICO 04 models for mortgage scores (309-839 and 334-818). Why is my TransUnion score 100 points lower than Equifax? The credit bureaus may not have the exact same information on you. Only Credit Report costs Rs. 280 - 850. Experian and Equifax are the two largest credit bureaus in the United States. Your Experian, Equifax and TransUnion credit reports should be fairly similiar. I just applied for a new car loan, and - despite my published Equifax score of 780 - was surprised to be offered a rate lower than the rate reserved for "excellent" credit. FICO is a risk score calculated based on your debt history; there are at least 40 different. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data. Hello everyone! Not too long ago I made a post about my cobalt application being denied despite my Equifax credit score being 793. When lenders review your credit report for the purpose of an application, a “hard inquiry” is placed on the credit report they checked. FICO. The latter recognizes that I have a $27 delinquency, whereas Transunion says my credit report is clean. . Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. TransUnion and Equifax are consumer reporting agencies; what they do is collect data about you and write your credit reports which show your debt history. There are many reasons why the numbers between Equifax and Transunion may differ so much. . Equifax 802, Transunion 848, Experian 839. The average VantageScore 3. Equifax Credit Score. Everyone’s ability to interpret information differently just makes it nebulous and less than useful for the consumer. It is also important to note that lenders might send their reports at different periods of time, so it is possible that TransUnion might have fresher updates than Equifax and vice versa. The above actions will provide the necessary details needed by TransUnion to recalculate your score using your new address details. 10% types of accounts, known as credit mix. And a lender may report updates to different bureaus at different times. FICO credit scores have the following ranges: Below 580 = Poor. Why is Equifax always lower than TransUnion?. 0 Kudos. Equifax comparison, both rely on some of. They are two different companies that offer two different, albeit similar, products. 1. wrote: I'm in the same boat. S. I wouldn't doubt if my EX score was 100 points lower than my TU or EQ scores. I just pulled my Transunion and Equifax FICO scores from myfico. But if you find a significant difference, it’s worth investigating. They have change slightly since I originally post the. The credit bureaus may not have the exact same information on you. A higher score means lower risk and vice versa. For starters, Equifax and Transunion have their own proprietary algorithms, with each one assigning a different weighting to the. Credit Score: Equifax vs Transunion. Although ranges vary. It may also be looking at a different FICO scoring method. Why is my Experian score so much lower than Credit Karma? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. Some key factors in your scores, like on-time payments and age of credit history, can take several months or even years to establish. Your VantageScore® 3. Both Equifax and TransUnion have scores that range between 300 and 900 in Canada. Why is my Equifax score much lower than TransUnion? The credit bureaus may have different information. Re: Why is my Equifax so low. Highlights: A credit score is a three-digit number designed to represent the likelihood you will pay your bills on time. . See moreWhy is my Equifax credit score 37 points lower than my Experian score, and 47 point lower than my Transunion score? I have compared all 3 of my credit. Why is my Equifax score lower than TransUnion? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Key Takeaways. FICO is 300-850, Vantage is 501-990, PLUS is 330-830, TransRisk is 350-850, and so on). Third parties use many different types of credit scores and. Here’s the short answer: The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. Here’s why your FICO® Score 9 credit scores could be different. VISIT SITE. The most common scores range from 300 points to 850 points. We’ll be covering that in greater detail below. Score differences are very common and are usually the result of small variations of when information is reported and how it is weighted. Even though the precise number of the ranges might vary, in practice, the differences aren't major: The higher your credit score,. Why Is My Equifax Score Lower Than TransUnion? The lower Equifax number is a common concern for many. Equifax is 100 points lower than TransUnion. TransUnion ranges from a low of 300 to a high of 850. In fact, 90% of lenders check FICO Scores rather than any other types of credit scores, though VantageScore is rapidly gaining popularity. The first two versions of the VantageScore ranged from 501 to 990, but the latest VantageScore 3. Of course, getting at or close to 0% is best. 95 per month. They might also weigh your information differently depending on the type of credit account for which you've applied. Depending on what your scores are, you may wonder what they mean. The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three major credit bureaus. You can find the contact information under the account details section of your credit report. Don’t be worried if that’s the case. This includes an. What a credit bureau is. FICO is the most well-known and widely used scoring model, as 90% of major lenders rely on those scores when evaluating applicants. Equifax: How to check your credit scores. 0 on Credit Karma will likely be different from your FICO Score that lenders often use. If you plan on applying for credit, make sure to check your FICO Score since there’s. Why is my TransUnion score way lower than Equifax? The credit bureaus may have different information. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. In general, the higher your score, the better your chances of getting approved for credit cards or loans with more favorable terms, including lower interest rates and fees. That applied to both individuals and family plans. The most likely explanation is that your three reports are not exactly the same, and that in particular there is something on the EX report that makes its score worse. 0 model includes additional factors such as rent history and a ‘trended’ credit. 10% new credit. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score. FICO. The other uses VantageScore 3. When you log into your Credit Karma account, you can access your free credit reports and scores from both TransUnion and Equifax. I thought 900 was a hypothetical score, like someone bowling 300. FICO defines the following credit ranges based on FICO® Score 8 credit scores: Exceptional: 800+. They are my spouses cards and we share the same address and last name, of course. There are two main scoring systems: FICO – it was created in the 1950s and is used by mortgage lenders. ). Why is my Equifax score lower than TransUnion? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. The lower the number, the lower the individual’s credit rating. 0. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus. 0 range from 501 to 990. Experian. When the scores are significantly different across bureaus, it is likely the underlying data in the credit bureaus is different and thus driving that observed score. Why is my Equifax score lower than Experian? This is due to a. 1/5 (66 votes) . In a Nutshell. Some lenders only report to Experian or Equifax. Fiance's scores are 770 and 760 for Equifax and TransUnion respectively. Like, TransUnion and Equifax both get told about all your credit lines and debts, so they should both have all that data. If you have any credit accounts, such as credit cards or loans, you have a credit report. If you discover that an impostor is using your identity, don’t panic. Why is my TransUnion score so much lower than Equifax? The credit bureaus may have different information. 0 scoring model. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data. The main difference between Equifax and TransUnion is that each has their own proprietary method to calculate credit scores. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data. Helpfully, and perhaps defensively (if it does report lower scores than the other bureaus), Experian has an explainer article. In this case, there might be a brief period where your Equifax credit score is significantly lower than your TransUnion credit score. Why is my Credit Karma score higher than my actual score? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. We are Indianapolis’s only Licensed, Bonded & Insured full service credit consulting company, InCreditable Advisors, give us a call today and let us help you improve your credit at 317-202-1297 to schedule your appointment today. ”. 590 on Experian, 651 on Transunion, exact same information for both. Both of these credit bureaus use a dynamic scoring model, but the weight they put on each variable varies. Re: Transunion credit score is 35+ points lower than Experian and Equifax scores. 8/5 (74 votes) . This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. 0 is between 720 and 780. FICO defines the following credit ranges based on FICO® Score 8 credit scores: Exceptional: 800+. Here's a few thoughts: You are basically wondering why your EX score is a lot lower than EQ or TU. Why is my Experian score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. This difference in emphasis can decrease or increase your credit score. It's also the least friendly to those just starting out building credit. Each of the three nationwide consumer reporting agencies (Equifax, TransUnion and Experian) might include different reported information such as your current credit limits and account balances, as well as information on certain public records like a bankruptcy. The information available online shows that Equifax uses an 81-month credit history. You also have auto, mortgage and bankcard scores. Poor: 300 to low 600s; Fair to good: Low 600s to mid 700s; As you can see in the examples above, Nate’s Experian FICO Score 9 was 25 points higher than his VantageScore from Transunion and 20 points higher than his VantageScore from Equifax. A “good” score may rest in the 661 – 720 range. This could lead to a person having a relatively lower score on Experian compared to the two other bureaus. 0, which is used far less often. If you have had missed payments on this loan, then you will find your TransUnion score is a lot lower than your Experian or Equifax score. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you’ll see wide credit score. 0 scoring model. What a credit bureau is. Message 2 of 8. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. The most likely explanation is that your three reports are not exactly the same, and that in particular there is something on the EX report that makes its score worse. Poor: 300 to low 600s; Fair to good: Low 600s to mid 700s;As you can see in the examples above, Nate’s Experian FICO Score 9 was 25 points higher than his VantageScore from Transunion and 20 points higher than his VantageScore from Equifax. Would love to know the - 1303709And FICO says scores between 670 and 739 qualify as good scores. Since there are so many free credit score resources out there, you should know that FICO is the most widely used credit score among lenders. My mortgage broker said because of the 588 score, I wont even get an offer from her 30 lendors so she said it's probably not worth even applying/trying until I get that to an even 650 on Equifax. 2. Similarly to. I called Equifax to find out why they were vending a different credit score to the lender than to me. Why is my Equifax score so much lower than Experian? This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. Mostly just confused why the transunion would have gone down regardless of the model used. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. This is because your total available credit is lowered when you close a line of credit, which could result in a higher credit utilization ratio. Not on the electoral register (due to a muck up in my local office but soon to be rectified) but that should push me up. This month I've had two statements reported on Feb. My Equifax report still lists my employer as "Parental Allowance" from when my parents helped me get my first credit card at 18. FICO is the most well-known and widely used scoring model, as 90% of major lenders rely on those scores when evaluating applicants. A one-time report from a single credit bureau, whether it's Experian, TransUnion, or Equifax, costs about $20, though you can get a report from all three for $60. Recently got a credit check for a mortgage and the Equifax score was 700, much lower than expected. Differences in credit scoring formulas. Equifax 834, Transunion 900. The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data. 4. ”. These factors are likely to yield different credit scores, even if your credit reports are identical across the. My Equifax report still lists my employer as "Parental Allowance" from when my parents helped me get my first credit card at 18. 740-799 = Very Good. Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. The scores we provide are actual. Why is TransUnion credit score lower than Experian? This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at. Why is my TransUnion score lower? Your credit scores are calculated using information in your credit reports, so it's normal to see your score change as lenders provide updates to that information. 300-900. The credit bureaus may have different information. Why is my FICO score so much lower than my TransUnion and Equifax? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you'll see wide credit score. When I asked the lender about this, they said my score was 670. In contrast, TransUnion offers a free plan, as well as a subscription plan that costs $24. Below are three VantageScore 3. There are many different scoring models. FICO® credit scores are the auto industry standard for determining a potential buyer's creditworthiness. We are Indianapolis’s only Licensed, Bonded & Insured full service credit consulting company, InCreditable Advisors, give us a call today and let us help you improve your credit at 317-202-1297 to schedule your appointment today. That’s because the lender may be using a FICO score based on data from a different credit bureau. It can certainly explain why your EX score is very different than the others. This model scoring scale starts at 300 (the lowest) and caps at 850. If your credit score dropped unexpectedly, there is a reason why and your credit reports will reveal the reason. Each company has its own method of collecting financial information about you, and the. Legally you are entitled to request a credit report from Transunion and Equifax one time a year. Current spread is 81 points. . At first, VantageScore credit scores featured a different numerical scale (501 to 990). You’ll have to purchase your credit score separately. We would like to show you a description here but the site won’t allow us. 0 is between 720 and 780. The scores may have different interpretations, a 600 from Equifax may be equivalent to a 700 from TransUnion. That applied to both individuals and family plans. But rather than comparing Equifax vs. If you are a CIBC client and are using the bank’s mobile banking app, you can check your Equifax credit report for free online. The lower Equifax score compared to TransUnion can be attributed to the different factors and weighting used in their credit scoring models. Would these all be the same? Not necessarily. Why is Equifax lower than TransUnion? The lower Equifax number is a common concern for many people. It’s impossible to say which credit reporting agency, TransUnion, Experian, or Equifax, is more accurate since all three agencies use similar methods to collect and report credit information, but may differ in their scoring models and data sources. First, the Experian scoring model may differ from the ones used by TransUnion and Equifax. Use? , 90% of system design is similar few numbers in life accuracy or completeness of Equifax in the United one credit report. Why Is My Equifax Score Lower Than TransUnion? The lower Equifax number is a common concern for many people. Small-balance collection accounts matter less. FICO® Score 8 may punish numerous late payments more severely than previous versions. Chase favors Experian, but may also buy Equifax or TransUnion reports. 1. Equifax uses the Equifax Risk Score, while TransUnion uses the CreditVision Scoring model. The Equifax credit score model falls on a credit rating scale that starts at 280 and ends at 850. Got the credit report back in mail and it seems equifax beacon 5 (FICO score 5) came out like 30 points lower than Experian (FICO 2) and Transunion (FICO 4). On Credit Karma, my score are 797 and 806 for. 550. I will update these charts on a monthly basis and make notes of any. Fair: 580 to 669. At you can buy just a credit report and FICO score for $15. Multiple factors could account for why your scores are different. If your credit file is different with each credit bureau, then your credit score might be different as well. All credit-scoring agencies, including TransUnion and Equifax, use proprietary scoring models, and despite the fact that credit scores are based on similar or the same factors, such as payment history and the number of accounts in good standing, each model can weigh some of these factors in a different way. VantageScore 3. Equifax vs. Delinquencies reported on a loan reported on one credit report, but not the others, is the most common reason why you'll see wide credit score. Valued Member. We would like to show you a description here but the site won’t allow us. Why is my Equifax score lower than TransUnion? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Although FICO and VantageScore use the same data, they process. This is known as “credit utilization” or “credit usage ratio. The basic FICO credit score range is 300 to 850. Edit: The reason Credit Karma is stating for the low score is a combination of a high number of hard pulls and that my average account age is too new. The base FICO ® Scores range from 300 to 850, while FICO's industry-specific scores range from 250 to 900. Transunion Vs. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. Your score differs. Since the information on your credit reports at each bureau can differ, your Equifax credit score and FICO score can differ depending on which credit report is used to calculate the score. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. In my experience, I've found Equifax is generally more thorough than Transunion. I'm at 705 TransUnion, but I'm at 588 on Equifax. Variations in the data reported by creditors and lenders, as well as. The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Good habits, such as making payments on-time and using less of your available credit, among others, can help you improve your credit health over time. Your credit report is a record of how you manage your money. 164 (including taxes/handling charges). Credit bureaus such as Equifax and TransUnion actually produce many different scores. That’s because a major factor in credit. 0 and 4. Lenders like to see that the outstanding total balance on your credit cards is below 30% of what you have available. 6/5 ( 59 votes ) If you file a dispute regarding information on your Equifax credit report, you can generally expect to receive the results of the investigation within 30 days. Why is my Credit Karma Score much lower than FICO Score? I signed up for that $1 promotional 3 Bureaus report from an Experian company. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. The information is compiled into a. For instance, if you have a credit card with a $1000 credit limit reporting as a $100 credit limit, this could cause a big hit to your credit utilization ratio. By comparing the different reports from each agency, you can make a more informed decision. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. Amex primarily pulls Experian, though sometimes Equifax or TransUnion reports. Then you at least know the EQ and TU scores are FICO's. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. Good Morning, Apologizing in advance if this question has been asked previously. Some report to all three. Hi, I use Credit Karma. Even then with the different algorithms, the variance between the two scores should be between 7-10% or even less . See your credit utilization rate details for each bureau. It shows my Transunion score from 4 months ago -February 2015 (score=715) and my Equifax score (NO SCORE) as of 1 - 4072030. Based on our analysis, Experian provides the best service for the money. Experian and Transunion are usually much higher, but neither really tops the other consistently. TransUnion uses the VantageScore ® credit scoring model to calculate your credit score. The other two only report the name of your employer and do not add any weight to that fact. For example, your Experian credit score. Another invisible difference between these agencies is the data collected. FICO credit scores, the industry standard for sizing up credit risk, range from 300 to a perfect 850—with 670 to 739 labeled “good,” 740-799 “very good” and 800 to 850 “exceptional. Why is my TransUnion and Equifax score different? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Most lenders (at least in the midwest) pull their reports from Equifax and almost all of them report to Equifax, which is why it tends to be the lowest of the three. The other uses VantageScore 3. Equifax 54%. Credit Karma is a user-friendly online service that offers free Vantage 3. For auto and personal loans, banks usually ask only one of the three big credit-reporting firms — Equifax, TransUnion or Experian — for a score, Bingham said. We all collect similar information, and. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your. Your score — along with other. For example, a mortgage lender may look at a different credit score than your bank when they are deciding whether to grant a credit card or a new credit limit. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. There are also third-party credit monitoring services, such as MyFICO, Identity Guard, and LifeLock. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your. Good: 670 to 739. Why is my Experian score so much lower than credit karma? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. No disputes, no reason to cause them to be removed. TU (900) still has me as a student. Equifax's different credit scoring model results in lower scores. One uses FICO Score 9 based on data in my Equifax credit file. FICO, which is a U. Credit-scoring models can differ and. This may be a silly question but how come my Experian score is so much more different than my Equifax and Transunion scores? I get that they vary a little depending on the credit reporting company but my Experian score is drastically lower than the other two and I'm not sure why.