Equifax uses the Equifax Risk Score, while TransUnion uses the CreditVision Scoring model. Great chance you are comparing a score from Credit Karma with a range of 501-990 versus the score your bank is using with a range of 300-850. 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. That applied to both individuals and family plans. In other words, your credit utilization rate is how much of your available credit you’re using at any given time. Below are the reasons mentioned for Equifax:What is the difference between Experian and Equifax and which one might be better for you? Read more to find out. 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. Second, Experian considers a different. 0 and 2. ”. 280 - 850. Even if the two bureaus received. Another invisible difference between these agencies is the data collected. Balance changes, lower utilization, score increase, etc. TransUnion differs in credit history length. Also the different credit bureaus do calculate the scores differently. 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. One or more of your lenders aren't reporting to Transunion. Since then TU has been the laggard of the three most of the time. 5. Equifax ID Patrol™ Help better protect your identity and stay on top of your credit. That said, Experian scores better than TransUnion across: Report Details and Frequency, and Credit Bureau & Credit Scores. 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. 0). Final Verdict. These are FICO 8 scores. . Secured credit cards may be especially helpful. FICO. At you can buy just a credit report and FICO score for $15. 8/5 (74 votes) . There are also third-party credit monitoring services, such as MyFICO, Identity Guard, and LifeLock. And a lender may report updates to different bureaus at different times. Then there are “educational” credit scores. One uses FICO Score 9 based on data in my Equifax credit file. That's funny. Variations in the data reported by creditors and lenders, as well as. Your score — along with other. Applied for multiple lines of credit. Borrowell pulls data from Equifax and CreditKarma pulls data from TransUnion. Why is my Equifax score lower than TransUnion? The credit bureaus may have different information. Here’s why your FICO® Score 9 credit scores could be different. The higher a score is on this scale, the better indication that the consumer poses a lower risk to creditors. Lenders can use any of the credit reference agencies to check your credit score in the UK. I did an experiment where I put all my spend on one card and none on the other (0%), and Equifax didn't update it until a month later. 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. 0 is relied on by lenders across a variety of industries. Transunion Vs. 10% types of accounts, known as credit mix. Whereas, TransUnion scores better on Plans and Pricing, and Monitoring and. Here’s why. Also it is at least possible that this is simply a question of the different scoring algorithms computing a different score. However, VantageScore 3. Experian CreditWorks Basic: View your Experian credit report for free every month. 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 other two only report the name of your employer and do not add any weight to that fact. Why is Equifax lower than TransUnion? The lower Equifax number is a common concern for many people. It was developed by the three major consumer credit bureaus — Equifax, Experian and TransUnion — to create a “more predictive scoring model that is easy to understand. The other two only report the name of your employer and do not add any weight to that fact. Everyone’s ability to interpret information differently just makes it nebulous and less than useful for the consumer. One of the main reasons why your Equifax score may be significantly lower than your TransUnion score is because both credit bureaus use different credit scoring models to calculate your credit score. 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. Your VantageScore® 3. Why is my TransUnion score 100 points lower than my Equifax? You might expect all of your credit reports and scores to be the same, but they are usually not. 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. Multiple factors could account for why your scores are different. Would love to know the - 1303709And FICO says scores between 670 and 739 qualify as good scores. Score differences are very common and are usually the result of small variations of when information is reported and how it is weighted. FICO® Score 9 looks at medical debt, paid collections and rental history differently than previous versions of the FICO® credit-scoring models. 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. When I asked the lender about this, they said my score was 670. The higher the number, the more trustworthy the consumer appears to be. An Equifax credit score is an educational credit score. Experian is often a way better monitoring system based on their record keeping. These are things like lates and collections and. 118 and 1 credit report with credit score costs Rs. S. The scores are off because the formula is different, factors in different things as compared to FICO, and score ranges are different than FICO's (e. Why is Experian score lower than TransUnion 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. Re: Why is Experian so much higher? @C-XRS2005 wrote: only the one was from there, the other were from myfico. 1. Maybe some small difference, like if you get a hard pull, it may only be on one but not the other. Equifax and TransUnion scores can only be as accurate as the information they receive. In this case, there might be a brief period where your Equifax credit score is significantly lower than your TransUnion credit score. It's important to know that you have more than one credit report. 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. That being said, if any credit score (even an. When people obtain their credit score through Transunion and Equifax, they are often surprised to see a different credit score from each bureau. 0 credit score was lowered by 72 points. Equifax's different credit scoring model results in lower scores. The other two only report the name of your employer and do not add any weight to that fact. The other. FICO is a risk score calculated based on your debt history; there are at least 40 different. It could be because of a high reported balance on a credit card account, a new application for credit, or a sign of identity theft. This is no different when it comes to Equifax vs. Why is my Experian score so much lower than TransUnion and Equifax? Reasons Why Your Credit Scores Differ From Bureau to Bureau – It’s unlikely that you’ll have the same credit score across each of the three credit bureaus. It’s also important to note that credit scores are only sometimes 100% accurate and can vary. 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. Score: 4. That’s because most issuers report credit. 5 / 5 - Excellent #1 in Credit Reporting. TransUnion is bringing up the rear among the three. It's basically the difference between a report and a score. First, the Experian scoring model may differ from the ones used by TransUnion and Equifax. Different scores use a different scoring model and are the reason why they vary. 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. 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. Comparing TransUnion vs. The information is compiled into a. Similar numbers. Credit Karma is a user-friendly online service that offers free Vantage 3. FICO is used in about 90% of lending decisions. This factor can affect your credit scores even if you pay your credit cards off in full each month. It is really affecting me getting an auto loan. 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. We would like to show you a description here but the site won’t allow us. 0 scores from TransUnion and Equifax. Sponsored. Right there your credit score will appear. Both of these credit bureaus use a dynamic scoring model, but the weight they put on each variable varies. High balances in comparison to credit limits can affect credit scores, and are a common reason for credit scores to fluctuate. Recently got a credit check for a mortgage and the Equifax score was 700, much lower than expected. Equifax 834, Transunion 900. Would these all be the same? Not necessarily. ”Earlier this year, pharmacy technician Curtis Webb thought his credit score was high enough to help him snag good terms on a mortgage. You also have auto, mortgage and bankcard scores. We’ll be covering that in greater detail below. FICO provides a single-number credit score, while major credit bureaus like Equifax, Experian, and TransUnion (not covered in this article) offer a more detailed look at an. 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 scoring model. 0. 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. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. The Equifax credit score model uses a numerical range between 280 and 850, and FICO score models use a range between 300 and 850. Equifax®: Which Score Matters More? Victoria Araj 6-Minute Read UPDATED: October 30, 2023 The look of your credit score can be. 472. This means that your credit score may differ even with the same credit history. TransUnion 30%. Each credit bureau will have a different credit score for each individual. The average VantageScore 3. TransUnion: Credit Rating. TransUnion report is accurate and I am pleased with my score. 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. They’ll likely be slightly different, and it’s possible they could be very different. Valued Member. Since then TU has been the laggard of the three most of the time. 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. 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. 1. Lenders like to see that the outstanding total balance on your credit cards is below 30% of what you have available. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score. Message 3 of 6. Experian is one of the three major credit bureaus, along with Equifax and TransUnion. Both companies collect credit information on individual consumers, which they sell to lenders and. 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. 3/5 ( 60 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. Some people want to achieve a score of 850, the highest credit score possible. Deriving from the name of its founder–the Fair Isaac Corporation – the FICO score is a general purpose credit scoring system that was created with the intent of eliminating inconsistencies between each lender’s own system. But Canadian consumers cannot access their. 95 per month and include daily credit updates, recommendations, credit locks, monthly tips and more. Equifax: why are my credit scores different? Your scores might be different on your Equifax and TransUnion credit reports. They might also weigh your information differently depending on the type of credit account for which you've applied. 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. FICO is the most well-known and widely used scoring model, as 90% of major lenders rely on those scores when evaluating applicants. It may also be looking at a different FICO scoring method. 0 is an Equifax credit score model used by many lenders and institutions when making real-world lending decisions. The FICO Score ranges from a low of 300 to a high of 850. 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. 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. Lenders like to see that the outstanding total balance on your credit cards is below 30% of what you have available. Partly because FICO makes many scoring models, and also because the data that goes into the model could come from three different places. Depending on the date of your report, there could be slight differences in the score we have and the one Equifax has. 0 scoring model. That's funny. Legally you are entitled to request a credit report from Transunion and Equifax one time a year. The other two only show one credit report and the name of your employer and do not add any weight to that fact. Why is Equifax lower than TransUnion? The lower Equifax number is a common concern for many people. Capital One doesn't have a favorite — but often pulls more than one. These factors are likely to yield different credit scores, even if your credit reports are identical across the. Generally, anything over 556 is an acceptable credit score. Makes lending decisions consistent, fast, and fair. 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. 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. 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. New credit: 10%. Even then with the different algorithms, the variance between the two scores should be between 7-10% or even less . A good VantageScore lies between 661 and 780, which the company calls a “prime” credit tier. Equifax: How to check your credit scores. TransUnion is bringing up the rear among the three. Equifax and TransUnion scores can only be as accurate as the information they receive. I have 596 Exp and 670 with the other 2. 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. The actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. THere are many more than that. 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. If you discover that an impostor is using your identity, don’t panic. TransUnion TransUnion ranges from a low of 300 to a high of 850. 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. Third parties use many different types of credit scores and. 0 range from 501 to 990. I wouldn't doubt if my EX score was 100 points lower than my TU or EQ scores. FICO scores are general purpose credit scores developed. But, I am concerned about Equifax score and why it is so low. . But if you find a significant difference, it’s worth investigating. 300-900. They have change slightly since I originally post the. It’s possible you have some pulling your score down on TransUnion that’s not showing up in your Equifax report. Equifax 802, Transunion 848, Experian 839. This is why your credit score is so important, not only for credit approval but also for things like your credit limit and the terms of the loan. 0 (ERS 2. Credit Karma offers even more interactive tools and resources than Experian to help you improve your credit scores and meet financial goals. The three credit bureaus are Equifax, Experian, and TransUnion. The credit bureaus may not have the. The other two only report the name of your employer and do not add any weight to that fact. 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. My Transunion scores have always been the highest of the three. 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. 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. These are all Fico score 8 scores which uses a 300-850 scale. You may have a different score with each of the three nationwide credit reporting agencies (TransUnion, Equifax and Experian). As the model differs, the results do the same. The other uses VantageScore 3. 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. Equifax comparison, both rely on some of. It is normal for there to be a difference among your scores because of what goes in to calculating them, and it is normal for your Equifax and Transunion scores to be more similar than Experian because Experian FICO 2 is the 1998 version while both Transunion FICO 4 and Equifax FICO 5 are the 2004 version. 2. Use? , 90% of system design is similar few numbers in life accuracy or completeness of Equifax in the United one credit report. 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. These factors are likely to yield different credit scores, even if your credit reports are. Equifax is 100 points lower than TransUnion. It's also the least friendly to those just starting out building credit. 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. However, interest rates will be higher, and the loan amounts will often be lower. Identity Guard. Like before, the higher the score, the stronger your credit. 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. These factors are likely to yield different credit scores, even if your credit reports are identical across the. Experian always seems to be my middle score while Equifax brings up the rear. 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. But rather than comparing Equifax vs. Differences in credit scoring formulas. Why is my Equifax score so low? Your Equifax score is lower than the other credit scores because there is a slight difference in what is reported to each credit agency and each one uses a slightly different method to score your data. You’ll be able to attach supporting documents to your dispute if you submit it directly with TransUnion. Experian offers free access to credit scores and credit reports. And less accurate for the lender ultimately. Each company has its own method of collecting financial information about you, and the. 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. Takedown request | View complete. ALL of my AU accounts that have been reporting for over a decade were removed from Equifax over the past week. I just pulled my Transunion and Equifax FICO scores from myfico. I did find a couple of minor discrepancies on my Equifax report, disputed them, and they have been "resolved. I have 755 with Transunion, and 646 with Equifax. And a lender may report updates to different bureaus at different times. The scores may have different interpretations, a 600 from Equifax may be equivalent to a 700 from TransUnion. TransUnion uses the VantageScore ® credit scoring model to calculate your credit score. Credit Score: Equifax vs Transunion. If you had unexpected expenses and you put them on a credit card or cards, your credit score could drop. Chase favors Experian, but may also buy Equifax or TransUnion reports. While it is possible for you to have only one credit score, it's unusual. 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. In both cases, higher. 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. My FICO went up like with the equifax reported by credit karma. For example, the number of accounts you have or your payment history may be scaled differently depending on the agency. Taking a 290K loan, I have been paying $1900/month for almost 1. VantageScore uses three different credit bureaus — Experian, Equifax, and TransUnion — to compete against FICO, and each bureau uses different algorithms. 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. This is why your score can be so different with each one. Re: Transunion credit score is 35+ points lower than Experian and Equifax scores. troyb. They use different formulas to calculate your credit score. Each company uses their own proprietary means. While they consider many (if not all) of the same factors when calculating your score,. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data. 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. Like, TransUnion and Equifax both get told about all your credit lines and debts, so they should both have all that data. This model ranges from 300 to 850. Equifax: 711. Here are some reasons a score can drop: Using more of your available credit. 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. While lenders use these reports and credit scores to decide whether or not to extend you credit, it leaves a lot of room. 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. Equifax scores range from 280 to 850. The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three major credit bureaus. 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. A creditor could be reporting your payments to just one or two of them, instead of all three. Experian’s free credit score is the FICO Score 8, the score most lenders use. I'm at 705 TransUnion, but I'm at 588 on Equifax. For more information please visit us at and book an appointment today. These are what you see when you look up your. A higher score means lower risk and vice versa. There are many different scoring models. Would love to know the answer! Hello - 1303709Understanding credit score ranges. The credit history reflected on your credit reports and scores can directly affect your ability to get credit. It can certainly explain why your EX score is very different than the others. You are accessing the "consumer" credit report. I wouldn't worry about it. wrote: Why is my Experian score 74 points lower than my TU and Equifax scores? It reports the same stuff as the other 2. wrote: I'm in the same boat. The other two only report the name of your employer and do not add any weight to that fact. Re: Why is my Equifax so low. 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. 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. But industry-focused FICO ® Scores range from 250 to 900, and VantageScores 1. Citi usually pulls credit reports from Equifax or Experian. wrote: I'm in the same boat. 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. 5/5 (35 votes) . 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. . Just follow the general advice given to you and you'll be fine (pay all your bills on time, keep utilization low, let credit age, open various types of loans, etc. 740-799 = Very Good. In fact depending on the credit bureau it can range up to 80 point difference. Even large deviations between credit. The scores we provide are actual. But if you’re looking to take out a loan anytime soon, we still. 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 other uses VantageScore 3. But one of the above comments is right. 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. See your credit utilization rate details for each bureau. Score: 4. 0 based on my TransUnion credit. 590 on Experian, 651 on Transunion, exact same information for both. 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. FICO is the most well-known and widely used scoring model, as 90% of major lenders rely on those scores when evaluating applicants. 164 (including taxes/handling charges). The Equifax credit score you receive from the Borrowell website is generated directly from Equifax and is called the Equifax Risk Score 2. A failure risk score will range from 1001-1,610, with a lower number meaning that the business is a high risk. Which is better TransUnion Equifax or Experian? Based on our analysis, Experian provides the best service for the money. 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. Why is my TransUnion score so low? There are two main reasons why credit scores for the same consumer can vary by more than a few points: Differences in the information on file at the three major credit bureaus – Equifax, Experian and TransUnion. Equifax is reporting nearly 100 points lower, actually updated today I see it dropped another 22 points because I. They are my spouses cards and we share the same address and last name, of course. Banks, credit card companies and other lenders would be reluctant to approve credit to individuals with a low score as they are nervous about the potential for repeated defaults on payments. That applied to both individuals and family plans. They use their own model now as per verbiage: "The Equifax ® Credit Score and 3-Bureau credit scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. While it is possible for you to have only one credit score, it's unusual. Below are three VantageScore 3. General FICO ® Scores range from 300 to 850, and so do VantageScore 3. 95 per month to $19. Hard inquiries help your lenders track how frequently you have applied for credit and can cause. These are FICO 8 scores. Dispute directly with the company that reported the information to TransUnion. FICO. Many creditors have a custom one, so may not even use the score you see. ). You can find the contact information under the account details section of your credit report. I haven't yet gotten a FICO on my EX report, but I know my EX report has a ton of other accounts on it and all my HPs from the last 24 months. A FICO score of 650 is considered fair—better than poor, but less than good. There are many different types of credit scores and scoring models. 0, which Credit Karma uses. 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. Your Equifax score can be lower than your TransUnion score for a variety of reasons. These factors are likely to. Most of the time, scoring differences are not unusual because there are differences in the information on file at the credit bureaus. TransUnion is bringing up the rear among the three. Most of the time, scoring differences are not unusual because there are differences in the information on file at the credit bureaus. My Equifax Dispute. Here’s how the score ranges are broken down: 800-850 – Excellent. 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. 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. 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. ERS 2. A good score with TransUnion and VantageScore® 3. In Nate’s case, Credit Karma was accurate enough to say that he had an excellent credit score, but wasn’t perfect. In this article, we’ll compare two of the major credit bureaus, TransUnion, and Equifax, and answer the question: which score matters more? Why is my Transunion score different. Most banks use FICO scores. 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. Your VantageScore® 3. So, you may have loan A which is reported to Experian, while loan B is reported to Equifax. So if Equifax has access to different information about your credit than TransUnion, your scores from each of the bureaus might also be different. Good: 670 to 739. Only Credit Report costs Rs. Transunion: 676. 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. 300-900. Your credit report is a record of how you manage your money. It's just a list of your current outstanding loans, and if you're in good standing with them. 0 on Credit Karma will likely be different from your FICO Score that lenders often use. The reason that this 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. 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. 95 per month. 0 and 4. What qualifies as a good score can vary from one creditor to. In my experience, I've found Equifax is generally more thorough than Transunion. Score: 4. There are two plans available: eCredable Lift for $24. CreditWise uses TransUnion’s VantageScore 3. Feb 25, 2022.