Why are my two credit scores so different?

If you’ve ever checked your credit score on different websites, you may notice they vary. Most credit scores weigh the same factors, such as payment history, utilization rate, length of credit history, number of new inquiries and variety of credit products.

Why do different credit bureaus give you different credit scores if they use the same FICO calculation?

If those reports differ, a credit score based on one report may not be identical to a score based on another. Another reason the scores differ might be because there’s more than one credit scoring model, and there’s no guarantee the one you’re using to check your own credit is the same one your lender relies on.

Why is there a large discrepancy between credit scores?

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.

Why is my credit score different on Experian and Equifax?

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. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit bureaus—which is also unusual.

Why do TransUnion and Equifax scores differ?

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 other two only report the name of your employer and do not add any weight to that fact.

Why is my FICO score so much higher than my VantageScore?

VantageScore counts multiple inquiries, even for different types of loans, within a 14-day period as a single inquiry. Multiple inquiries on your reports for the same type of loan or credit, spanning more than a 14-day period, may have a greater impact to your VantageScore® credit scores than to your FICO® scores.

Why is my Experian score so much 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. 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 discrepancies, like 100 points.

Why is my Equifax score so much higher than TransUnion?

The credit bureaus may have different information. And a lender may report updates to different bureaus at different times. 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 score.

Why do I get different credit scores from Fico and Experian?

There are a few reasons why you might get different credit scores from FICO and each of the three major credit-reporting agencies. Here are some of the most common situations: Scores are from different dates. Since your scores might change at any time, it’s important to compare credit scores from the same date.

How many different credit scores are there?

Whichever model you or your lenders use, your credit score is actually three different scores, each based on your credit reports from the three bureaus (Equifax, TransUnion, and Experian). Why is my score different depending on where I look?

What are industry-specific credit scores and credit bureau scores?

Industry-specific scores represent the odds you’ll repay a specific loan, such as the FICO® Auto Score 9 used in auto loan decisions. Credit bureau: Credit scores are calculated using data listed on your credit report, which comes from one of the three major credit bureaus — Experian, Equifax or TransUnion.

Why are there disparities on my credit reports?

Minor discrepancies among your credit reports from the three credit bureaus can be attributed to factors such as the timing of updated data, but it’s a good idea to monitor all three reports. A major discrepancy often is a red flag in need of immediate attention.

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