Solved: Transunion score
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
dustindmorrison
New Member

Transunion score

Why is my score on here showing 715 but when a creditor pulled my transunion last night it was like 609? Talk about embarrassing when I told them up front it was showing me to be 715. 

1 Best answer

Accepted Solutions
tagteam
Level 15

Transunion score

Are you using Turbo for your score? --> https://turbo.intuit.com/

 

You might want to check with the creditor since there is a huge disparity between the two scores.

 

Turbo, apparently, uses a newer scoring model while TransUnion, I believe, uses the older VantageScore 3.0.

 

Regardless, check with the creditor for information on which model (or other metric) they used.

View solution in original post

3 Replies
tagteam
Level 15

Transunion score

Are you using Turbo for your score? --> https://turbo.intuit.com/

 

You might want to check with the creditor since there is a huge disparity between the two scores.

 

Turbo, apparently, uses a newer scoring model while TransUnion, I believe, uses the older VantageScore 3.0.

 

Regardless, check with the creditor for information on which model (or other metric) they used.

View solution in original post

Opus 17
Level 15

Transunion score

What most people consider an “official” credit score is produced by a company called FICO.  There are more than 50 different “official“ FICO scores.  The most common is a model 8 general credit score, but even then you have three different model 8 scores depending on which credit bureau is used as a source for the information.  Then, some lenders prefer to use the older model 5 or model 3 scores, so FICO still sells them.  FICO also produces specialty scores for different lending sectors using different models.  For example, a credit card lender might be mostly concerned about how you pay other credit cards and not care so much about your student loans, while a mortgage lender may care very much about how you pay other long-term debts.  And all these scores can have three different values when using data from the three different credit bureaus.  So no one has a single “official“ credit score.

 

(The general score has a range of 300 to 850, and I believe the specialty scores have a range of 250 to 900.)

 

The score offered by the Turbo app is a TransUnion “vantagescore”, which should be similar to but will not be the same as a FICO score, even if they are both generated from TransUnion data.

If you want to pursue this further, you can ask the lender exactly which score they used. Did they use the general model 8 score, or did they use an older model or a specialty score?  (I believe that if you are denied credit, the lender must tell you which score they used.)   It could also be that if you had a recent change to your credit score, that might show up in the FICO score that was generated on that day, but might not show up yet in Turbo which is only updated every two weeks I believe.

 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Opus 17
Level 15

Transunion score

Incidentally, FICO itself and each of the three credit bureaus offer subscriptions where you can obtain your official FICO scores in real time. They may have a free trial period, and you should certainly evaluate whether the monthly subscription is worth it to you, but that option is available if you want to know your official FICO score.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
v
Privacy Settings