95, but it is a little hard to find. 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. According to the TransUnion website, it was developed by all three national credit reporting companies (including Equifax and Experian) and is “more predictive, more consistent, and more stable than older models. 0 range from 501 to 990. 95 a year and eCredable LiftLocker for $9. When it comes to the TransUnion vs. These are things like lates and collections and. The score from Experian is FICO 08 scored as well. Credit bureaus such as Equifax and TransUnion actually produce many different scores. TransUnion offers a similar product to Experian Boost. Equifax, Experian and TransUnion are the three credit bureaus responsible for reporting your credit score. You can find the contact information under the account details section of your credit report. Why is Equifax always lower than TransUnion? Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. Why is my Equifax score lower than Transunion? That’s like almost 100 point difference between Transunion and Equifax! The difference between my personal Transunion and Equifax credit scores. Why is my Experian score 100 points higher than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. First, a CK score is a VS score (not a FICO score) so it's unmeaningful and shouldn't be worried about. 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. If you have any credit accounts, such as credit cards or loans, you have a credit report. Why is my Equifax score 100 points lower than TransUnion? You might expect all of your credit reports and scores to be the same, but they are usually not. The lower Equifax score compared to TransUnion can be attributed to the different factors and weighting used in their credit scoring models. Why is my TransUnion score lower than my Equifax? The credit bureaus may have different information. If you discover that an impostor is using your identity, don’t panic. The three credit bureaus are Equifax, Experian, and TransUnion. The information available online shows that Equifax uses an 81-month credit history. FICO® Score 9 looks at medical debt, paid collections and rental history differently than previous versions of the FICO® credit-scoring models. So, if you have a $4,000 credit limit, your balance should remain below $1,200. Your Equifax credit score is more likely to appear lower than your TransUnion one because of the reporting differences, but a “fair” score from TransUnion is typically “fair. wrote: wrote: I'm in the same boat. It can certainly explain why your EX score is very different than the others. 0 on Credit Karma will likely be different from your FICO Score that lenders often use. Identity Guard. Like before, the higher the score, the stronger your credit. Why is my Equifax score lower than TransUnion? The credit bureaus may have different information. If you have many recent inquiries, lenders may assume that you are having financial problems. Credit score of 846 out of 999. The other two only report the name of your employer and do not add any weight to that fact. Why is my Equifax 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 any given time. But Canadian consumers cannot access their. The Bottom Line. I think this is due in part to (1) some of my inquiries hit only Equifax rather than TU, and (2) for some bizarre reason, Equifax isn't calculating my age of accounts (it says N/A or something like that), nor is it accurately reporting my credit limit. Credit Karma uses a different scoring system than the one mortgage lenders use. Equifax 54%. . Your Equifax credit. Experian gives a more detailed picture of a person’s financial history, including payment timeliness and debt utilization. These are FICO 8 scores. My Transunion score is in the tank though at around 567. A “good” score may rest in the 661 – 720 range. I painstakingly fixed my credit score after several years of lousy credit and monitor my score regularly through CreditWise from CapitalOne, which is based on TransUnion, and from USAA which uses Experian. TransUnion offers more insight into a person’s job history, whereas Equifax provides more information about mortgage history. Can be off by up to 100 points —causing you to under or overestimate your creditworthiness. This is why your score can be so different with each one. There are a number of reasons for this. Credit Score Ranges. An Equifax credit score is a traditional credit score that will range from 101 to 992. first time posting on here! I have pulled my credit reports from TU (743) and EQ (721) and having a WalMart CC have also pulled my FICO score there (684). 580-669: Fair. Score: 4. VantageScore is the result of a collaboration between the three nationwide credit bureaus – Equifax, Experian and TransUnion. 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. Score: 4. Just remember that none of your free credit reports include your credit score. The other two only show one credit report and the name of your employer and do not add any weight to that fact. Even then with the different algorithms, the variance between the two scores should be between 7-10% or even less . Recently got a credit check for a mortgage and the Equifax score was 700, much lower than expected. My suggestion is pulling the EX report and really going over it line by line, comparing it to your other reports. The other two only report the name of your employer and do not add any weight to that fact. VantageScore uses three different credit bureaus — Experian, Equifax, and TransUnion — to compete against FICO, and each bureau uses different algorithms. Taking a 290K loan, I have been paying $1900/month for almost 1. TransUnion is bringing up the rear among the three. Equifax, meanwhile, uses its own scoring model with a range of 280 – 850, with “good” being 670 – 739 and higher. Credit Karma only uses Trans Union data so it does not take into consideration Experian or Equifax data which can be different. When a lender runs your credit, they’ll usually see your three FICO scores from Experian, Equifax and TransUnion. Yeah and I wish they'd explain exactly what they did wrong. It's also the least friendly to those just starting out building credit. 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. Thanks in advance, L C BMW pulled a 540 experian for me while USAA and capital one. FICO scores are generally calculated using five categories of information. FICO defines the following credit ranges based on FICO® Score 8 credit scores: Exceptional: 800+. A credit score is no more than a snapshot of your credit profile at one point in time. High balances in comparison to credit limits can affect credit scores, and are a common reason for credit scores to fluctuate. TransUnion reports I have better credit than 2/3rds of the country but Equifax says I have better credit than only 1/3rd of the country. Message 2 of 8. Why is my Equifax score much lower than TransUnion? The credit bureaus may have different information. I had a few accounts and debts on my report that have all been. 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. Generally, the credit bureaus collect information from different sources and have their own scoring model. 0. My Equifax (from Borrowell) is consistently 80-100 points lower than my TransUnion score (from CreditKarma/BMO), despite both reports showing the same credit accounts, inquiries and lack of collections or other negative items. New credit: 10%. 0 is relied on by lenders across a variety of industries. Legally you are entitled to request a credit report from Transunion and Equifax one time a year. FICO and TransUnion’s New Account Score ranges from 300 to 850; Vantage, from 501 to 990; Equifax’s is between 280 and 850 and Experian ’s is 330 to 830. Final Verdict. Experian and Equifax are the two largest credit bureaus in the United States. Why is my Equifax score lower than Experian? This is due to a. 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. 0, which is used far less often. In Nate’s case, Credit Karma was accurate enough to say that he had an excellent credit score, but wasn’t perfect. On Credit Karma, my score are 797 and 806 for. Even if they have the same accounts and balances they may classify them differently. Financial experts typically recommend that your credit usage is below 30 percent of your credit availability. But, I am concerned about Equifax score and why it is so low. I thought 900 was a hypothetical score, like someone bowling 300. The higher a score is on this scale, the better indication that the consumer poses a lower risk to creditors. Step 2. Some lenders only report to Experian or Equifax. Credit card utilization is the ratio of credit card balances to available credit card limits. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. 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. If all is well, each agency should have all of your information identically. That’s the highest factor percentage, which means it’s critical to pay bills on time with no exceptions. FICO is a separate product issued by a separate company. First things first. But if you find a significant difference, it’s worth investigating. Can be significantly different than your FICO Scores. Also it is at least possible that this is simply a question of the different scoring algorithms computing a different score. This includes an. 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 actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. But at my credit union, I have access to two different score models. In fact, 90% of lenders check FICO Scores rather than any other types of credit scores, though VantageScore is rapidly gaining popularity. Why is my TransUnion score so much lower than Equifax? The credit bureaus may have different information. A good VantageScore lies between 661 and 780, which the company calls a “prime” credit tier. It provides two scores, one based on credit bureau data from Equifax and the other based on data from TransUnion. Why is my TransUnion score lower than my Equifax? The credit bureaus may have different information. FICO Score 9 is already being used by hundreds of lenders, and eight of the nation’s top 10 lenders have either evaluated it, are in the process of evaluating it or plan to do so, according to. What a credit bureau is. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. The answer is easy. By comparing the different reports from each agency, you can make a more informed decision. On the next page, click on "Equifax Credit Report & Score. One place to look is derogs. It’s also important to note that credit scores are only sometimes 100% accurate and can vary. The information is compiled into a. And even if a lender reports your credit information to both bureaus, they may do so on different dates, meaning your credit score could be up-to-date with one bureau and out. 2. Re: Transunion credit score is 35+ points lower than Experian and Equifax scores. I just pulled my Transunion and Equifax FICO scores from myfico. Q: I just checked my credit score and my TransUnion score is 20 points lower than the others. Although FICO and VantageScore use the same data, they process. (Experian, Equifax and TransUnion). There are two plans available: eCredable Lift for $24. Borrowell pulls data from Equifax and CreditKarma pulls data from 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. The only difference is that I have a single collections account reporting which is bogus. TransUnion: Credit Rating. I don't understand how they can be different by 30 points, let alone. Financial Topics Life Stages TransUnion vs Equifax: How They Differ By Jacqueline DeMarco · June 06, 2023 · 6 minute read We’re here to help! First and. Lenders also use but the Equifax score may be weighted differently. FICO 5 relies solely on data from the credit reporting agency Equifax, while FICO 8 uses data from all three major credit reporting agencies: Equifax, Experian, and TransUnion. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. Suzanne Kvilhaug. Find The Best Credit Reporting. If, for example, you pulled a copy of your Experian report and your lender is looking at your TransUnion report, the data may not. The point of this. There are two main scoring systems: FICO – it was created in the 1950s and is used by mortgage lenders. 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. Mostly just confused why the transunion would have gone down regardless of the model used. 10% types of accounts, known as credit mix. 0 is between 720 and 780. We would like to show you a description here but the site won’t allow us. 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. Each credit bureau will have a different credit score for each individual. Score: 4. Unlike with FICO where a good credit score is 670, VantageScore requires between 720 and 780. com. 5 / 5 - Excellent #1 in Credit Reporting. Cost of the Report. Some key factors in your scores, like on-time payments and age of credit history, can take several months or even years to establish. 30% total debt. . FICO is used in about 90% of lending decisions. 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. So, you may have loan A which is reported to Experian, while loan B is reported to Equifax. 5/5 (35 votes) . Hard inquiries help your lenders track how frequently you have applied for credit and can cause. 5/5 ( 12 votes ) 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. 99, you can view your Experian, Equifax, and TransUnion credit report as well as your FICO credit score. If your credit file is different with each credit bureau, then your credit score might be different as well. Re: Why is my Experian score 40 points lower than Experian & Transunion? I understand that different FICO score models result in different ranges of scores. Comparing TransUnion vs. The scores we provide are actual credit. These are all Fico score 8 scores which uses a 300-850 scale. wrote: I'm in the same boat. So here is my situation: In August 2010, I bought a house at lower 300K and paid 10%+ down, thus having PMI over $100+/month. Vantage scores are fickle things, anything could make the score change, heck the weather might affect for all I know. And a lender may report updates to different bureaus at different times. 4/5 ( 47 votes ) The lower Equifax number is a common concern for many people. FICO. Why is my Equifax 100 points higher than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. Equifax ID Patrol™ Help better protect your identity and stay on top of your credit. Additionally, your score may fluctuate over time due to changes in your credit report. Experian: 715Score: 4. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. Another invisible difference between these agencies is the data collected. 0 (ERS 2. Available for free with monthly updates on Paisabazaar. Transunion Vs. You also have an Equifax FICO® Score 8 and a TransUnion FICO® Score 8. The credit scores you see when you check a service like Experian may differ from the FICO scores a lender sees when checking your credit. Equifax is 100 points lower than TransUnion. It should just be math. 472. And a lender may report updates to different bureaus at different times. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. 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 Equifax credit score model falls on a credit rating scale that starts at 280 and ends at 850. Based on our analysis, Experian provides the best service for the money. One of the most evident differences between these two bureaus is that Equifax scores range from 280 to 850, but TransUnion scores range from 300 to 850. 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 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. VantageScore was created in collaboration with all three credit bureaus, and VantageScore 3. Lenders like to see that the outstanding total balance on your credit cards is below 30% of what you have available. Financial Smarts Transunion vs Equifax TransUnion® Vs. Variations in the data reported by creditors and lenders, as well as. My CreditWise score as of 9/12 is. 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. Of course, there are several different versions of FICO scores, and the one your lender uses could be different than the one you get from Discover or Experian's. Most of the time, scoring differences are not unusual because there are differences in the information on file at the credit bureaus. . Although ranges vary. . Finally, let’s address what might be the most frightening reason for a drop in credit scores: Someone could have stolen your identity and applied for (and opened) credit accounts in your name. Would these all be the same? Not necessarily. 300 to 579 (poor credit): Most lenders will reject applications from borrowers with a score in this range. FICO scores are calculated based on five categories that each make up a percentage of your score: 35% payment history. This is known as “credit utilization” or “credit usage ratio. One other thing to note is that the length of your credit history used by the 2 credit bureaus is different as well. The other two only report the name of your employer and do not add any weight to that fact. When you log into your Credit Karma account, you can access your free credit reports and scores from both TransUnion and Equifax. Why is my Equifax so much lower than TransUnion? The lower Equifax number is a common concern for many people. Below are three VantageScore 3. 0 and 4. TransUnion’s credit monitoring services cost $24. When I asked the lender about this, they said my score was 670. Current spread is 81 points. 0 Kudos. Although your scores in the two credit scoring models should be similar, it makes sense to check the score lenders are more likely to use. 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). The only discrepancies that I see from my creditkarma report is transunion reports 3 inquiries (3 credit cards) while Equifax reports 1 (just my verizon wireless--soft pull I presume) and on transunion the only thing that is not showing up is a recent payment that I made on my Bank of America card that brought my utilization on that card from 99% (I. 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. Re: Transunion credit score is 35+ points lower than Experian and Equifax scores. This model scoring scale starts at 300 (the lowest) and caps at 850. 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. 1. Right there your credit score will appear. A “good” score may rest in the 661 – 720 range. In other words, your credit utilization rate is how much of your available credit you’re using at any given time. Some lenders only report to Experian or Equifax. TransUnion provides the VantageScore 3. 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. It was a Verizon account paid in a BK that was d/c 4/4/17. Experian says it would be “unusual” if your credit scores align. Why is Equifax lower than TransUnion? The lower Equifax number is a common concern for many people. Equifax comparison, both rely on some of. That applied to both individuals and family plans. We would like to show you a description here but the site won’t allow us. Small-balance collection accounts matter less. When people obtain their credit score through Transunion and Equifax, they are often surprised to see a different credit score from each bureau. My Equifax Dispute. Why Is My Equifax Score Lower Than TransUnion? The lower Equifax number is a common concern for many. But if you’re looking to take out a loan anytime soon, we still. Credit score ranges vary based on the credit scoring model used, but are generally similar to the following: 300-579: Poor. Users of TransUnion eCredable Lift can report their utility bill payments, resulting in an overnight improvement to their credit scores. They’ll be in red and in order of importance. 95 a month. This could lead to a person having a relatively lower score on Experian compared to the two other bureaus. 0 based on my TransUnion credit. Both FICO and VantageScore assign higher credit scores to consumers deemed as lower-risk borrowers, and both currently range from 300 to 850. Here's a few thoughts: You are basically wondering why your EX score is a lot lower than EQ or TU. 0 scores from TransUnion and Equifax. 0. FICO. Though both TransUnion and Equifax do the same thing (calculate your credit score), they do it in different ways – which means it’s not unlikely that your credit score may be slightly different between the 2 companies. Also, back in the FICO 04 days, the algorithms were customized for each CRA. Why is Equifax lower than TransUnion? Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. It's just a list of your current outstanding loans, and if you're in good standing with them. Data Collected. Conversely consumers with lower FICO scores at bureau "A" will likely get low FICO Scores at the other two bureaus when the underlying data is the same across the bureaus. This is one of the least forgiving bureaus because much more weight is assigned to your payment history and the average age of your credit accounts. Most of the time, scoring differences are not unusual because there are differences in the information on file at the credit bureaus. In both cases, higher. 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. 0 and 4. in 2020 TU was ~40 lower than my EQ and ~30 lower than my EX. Along with educational articles, it offers several loan and mortgage calculators. 5 reasons your FICO score may be lower than your credit score. If your total credit limit across all your cards were $10,000, you’d want to keep your total balances below $3,000 to limit the negative impact on your score. Fair: 580 to 669. 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. Equifax 834, Transunion 900. A credit score discrepancy is a difference in your credit score from one credit bureau to another. 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. 0 on Credit Karma will likely be different from your FICO Score that lenders often use. There are a number of reasons for this. Your Equifax credit score may be sometimes lower and sometimes higher than your TransUnion score for a variety of reasons, including: Each of Canada’s two major credit bureaus use different credit scoring models to establish your credit score and file. Equifax vs. My scores are 850, 850 and 840 for Experian, Equifax and TransUnion, respectively. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. It breaks down your credit history, management and behavior reported by lenders to the big three credit bureaus (Equifax, Experian and TransUnion) into an algorithm that creates your score. Equifax, meanwhile, uses its own scoring model with a range of 280 – 850, with “good” being 670 –. Secured credit cards are a special type of card that requires a cash deposit to insure purchases made with the card. TU (900) still has me as a student. In my experience, I've found Equifax is generally more thorough than Transunion. VantageScore 3. FICO defines the following credit ranges based on FICO® Score 8 credit scores: Exceptional: 800+. What qualifies as a good score can vary from one creditor to. 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. Why is my Equifax 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 any given time. However, interest rates will be higher, and the loan amounts will often be lower. A good score with TransUnion and VantageScore® 3. Equifax and TransUnion scores can only be as accurate as the information they receive. 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. It however is still being marked as an open collections account. At first, VantageScore credit scores featured a different numerical scale (501 to 990). Here are some reasons a score can drop: Using more of your available credit. This difference in emphasis can decrease or increase your credit score. Q: I just checked my credit score and my TransUnion score is 20 points lower than the others. The lower the number, the lower the individual’s credit rating. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. Equifax is reporting nearly 100 points lower, actually updated today I see it dropped another 22 points because I. When lenders review your credit report for the purpose of an application, a “hard inquiry” is placed on the credit report they checked. Over the past couple of months, I have watched both my Experian and Equifax scores shoot up significantly, and yet my Transunion score has only gained a small few points, and actually dropped, even more. So, if you have a $4,000 credit limit, your balance should remain below $1,200. 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. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. This data is then distilled and calculated to create your credit score. TransUnion ranges from a low of 300 to a high of 850. I have since received a letter from Amex mentioning specifically my TransUnion credit report, so I created an account on TU to see my full report as well as download Credit Karma to check my TU score (as its apparently. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information about. Use? , 90% of system design is similar few numbers in life accuracy or completeness of Equifax in the United one credit report. Of course, getting at or close to 0% is best. Tackling those reasons will help improve your score along with practicing good credit behaviors. Vantage scores are fickle things, anything could make the score change, heck the weather might affect for all I know. 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. . 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. 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 other two only report the name of your employer and do not add any weight to that fact. 580 to 669 (fair credit): Some lenders will work with consumers with fair credit. FICO scores are generally calculated using five categories of information. 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. These factors are likely to yield different credit scores, even if your credit reports are. This month I've had two statements reported on Feb. Score: 4. Your VantageScore® 3. The scores may have different interpretations, a 600 from Equifax may be equivalent to a 700 from TransUnion. Help spot potential signs of ID theft with 3-bureau credit file monitoring; Control access to your Equifax credit report, with certain exceptions, with the freedom to lock and unlock it; Uncover potential threats to your identity with dark web scanning and alerts Go to TransUnion’s site and submit a new dispute. Equifax vs. Suzanne Kvilhaug. 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. According to the company, FICO® scores are used today by 90% of top lenders to make lending decisions. It's also the least friendly to those just starting out building credit. Consumers. Equifax and Transunion use FICO 04 models for mortgage scores (309-839 and 334-818). “It was close to 730. 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 Equifax is not a FICO score. This won’t show up on your Experian or Equifax records. On top of that, these credit reporting agencies use different scoring models to produce credit scores. The higher the number, the. 0 vs FICO 8 credit score comparison charts for TransUnion, Experian, and Equifax with my credit scores. Would these all be the same? Not necessarily. My Equifax FICO dropped 21 points because of this. The credit bureaus may not have the exact same information on you. These factors are likely to yield different credit scores, even if your credit reports are identical across the. 0 and 2. 95 per month and include daily credit updates, recommendations, credit locks, monthly tips and more. Thanks in advance, L C BMW pulled a 540 experian for me while USAA and capital one. Capital One doesn't have a favorite — but often pulls more than one. 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. Some report to all three. Most banks use FICO scores. Both of these credit bureaus use a dynamic scoring model, but the weight they put on each variable varies. TransUnion uses a 7 year credit history while Equifax calculates it based on a time interval of 6 years and 9 months. Scores range from 300 (very poor) to 850 (exceptional).