FICO scores are used in over 90% of lending decisions making the FICO® Basic, Advanced and Premier services the most accurate for credit score updates. All plans offer access to 28 versions of your FICO score, including scores for credit cards, mortgages and auto loans.

Why are my TransUnion and Equifax scores so different?

Why Are TransUnion and Equifax Scores So Different? The scores are different because slightly different information is reported to each credit reporting agency. In addition, TransUnion reports your employment history and personal information.

Why is my credit score different than what a lender sees?

Some lenders report to all three major credit bureaus, but others report to only one or two. Because of this difference in reporting, each of the three credit bureaus may have slightly different credit report information for you and you may see different scores as a result.

Why is my Experian score lower than TransUnion?

In fact, there are several reasons why your scores from Experian, TransUnion and Equifax are typically different. While it is possible for you to have only one credit score, it’s unusual. The three credit bureaus are different companies, and each one maintains its own credit report information.

Why are my credit scores different for the 3 credit bureaus?

For example, one credit bureau may have unique information captured on a consumer that is not being captured by the other two, or the same data element may be stored or displayed differently by the credit bureaus.

How are credit scores calculated at different agencies?

Scores are calculated using different scoring models. Keep in mind, there are dozens of credit scoring models out there that may calculate your score a little differently. Scores are calculated using different credit reports. Some lenders report to all three major credit agencies, but others report to only one or two.

Why does my FICO score vary from agency to agency?

It’s up to lenders to decide which information they report to the major credit agencies — and which agencies they report to in the first place. Since your FICO Scores depend on the data listed on your credit reports, you might not see the exact same score from every credit-reporting agency.

Who are the three major credit reporting agencies?

The three major credit-reporting agencies — Equifax®, Experian®, and TransUnion® — teamed up in 2006 to create the independently managed firm VantageScore Solutions, which just released the fourth and latest version of its credit scoring model, the VantageScore 4.0. (The previous version, VantageScore 3.0, is still widely used.)