Why are my TransUnion and Equifax scores so different?
The algorithm used by Equifax and TransUnion is proprietary to each company and most likely different in how they compute your score. Equifax makes use of the Equifax Risk Score while TransUnion uses the CreditVision Scoring model. Information available online show that Equifax uses an 81-month credit history.Click to see full answer. Then, which is…
The algorithm used by Equifax and TransUnion is proprietary to each company and most likely different in how they compute your score. Equifax makes use of the Equifax Risk Score while TransUnion uses the CreditVision Scoring model. Information available online show that Equifax uses an 81-month credit history.Click to see full answer. Then, which is more important Equifax or TransUnion?A: As a general matter, no one credit bureau report is “more important” than the others. The challenge, of course, for consumers is that you never really know which bureau report a lender will pull. It could be Equifax, Experian or TransUnion – or perhaps all three.Subsequently, question is, do lenders look at Equifax or TransUnion? FICO® scores are the credit scores most lenders use to determine your credit risk and the interest rate you will be charged. You have three FICO® scores, one for each of the three credit bureaus – Experian, TransUnion and Equifax. Each score is based on information the credit bureau keeps on file about you. Moreover, how can my TransUnion and Equifax be so different? There is no difference between the three major credit bureaus. They will have different scores because of what is voluntarily reported to them.Why are my credit scores so different?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 difference. So, make sure the credit scores you are comparing are actual FICO Scores. The FICO scores should be accessed at the same time.
