topic Re: why is TransUnion lower each month than the other two Agencies in Credit score https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1694218#M2817 <P>Start by getting all 3 full credit reports from <A href="http://www.annualcreditreport.com" target="_blank">www.annualcreditreport.com</A>. &nbsp;It could be that Transunion contains information that is different from the other reports (such as, a legitimate account that is not listed on your other reports, or a mistake where your other reports are correct.)</P> <P>&nbsp;</P> <P>Mistakes and inaccurate information can be appealed, but be aware that accurate information can't be removed no matter what "credit repair" companies claim.</P> <P>&nbsp;</P> <P>Then, understand you have over 50 different "official" FICO credit scores. &nbsp;FICO offers different mathematical models. &nbsp;The most common is "FICO 8", and you can have 3 different FICO 8 scores if the information at the 3 credit bureaus is slightly different. &nbsp;Your general credit score goes from 300-850, but there are also specialty scores focused on particular lending sectors (like credit cards, mortgages and car loans) that use different mathematical models and those scores go from 250-900. &nbsp;And some lenders prefer the older FICO model 3 or 5. &nbsp;So your score can be calculated in lots of different ways.&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>Also, the score provided by the Turbo® app or website is a Transunion "Vantagescore" which is similar to but not the same as your FICO score. &nbsp;To get access to your FICO scores, you will need to buy a subscription somewhere. &nbsp;(Some credit cards will give you a score for free. &nbsp;You need to be careful what you're looking at. &nbsp;American Express gives an Experian FICO 8 score, Citibank gives an Equifax Bankcard FICO 8 score, and Chase gives a VantageScore, so they're all different for the same person.)</P> <P>&nbsp;</P> <P>Finally, a 5-10 point difference is not really meaningful anyway. &nbsp;If your FCIO 8 scores are 703, 703 and 698, that all indicates you are a "good" borrower, and an &nbsp;average credit risk. &nbsp;If you needed to borrow money and a lender was going to pop your interest rate because 700 is their cutoff and one out of three scores is lower, go find another lender. &nbsp;</P> Fri, 17 Jul 2020 15:46:02 GMT Opus 17 2020-07-17T15:46:02Z why is TransUnion lower each month than the other two Agencies https://ttlc.intuit.com/community/credit-score/discussion/why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1687191#M2801 <P>I&nbsp; have 703 this week from the other two agencies and have had that score for a number of months. With the Trans Union it is always 5 to 10 points lower. I always pay at least twice as much as the minimum payment on my accounts. I have serious health problems that limit what I can eat so the food I have to purchase is expensive. That is mostly what I use my credit cards for each month. Rent keeps getting more expensive but since I have lived in the same place for 16 years and my landlord knows about my health and the fact that I am a stable tenant and am never late on rent he has tried to help me stay where I am. I haven't paid any bill late in at least 16 years. That is living on Social Security and a small retirement check. If I could get my interest rates down I could be paying down faster on the the two highest balances. I&nbsp; have stopped using most of my credit cards and should have another one paid off in about 4 months.&nbsp;</P> Wed, 15 Jul 2020 16:18:11 GMT https://ttlc.intuit.com/community/credit-score/discussion/why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1687191#M2801 stepsx12 2020-07-15T16:18:11Z Re: why is TransUnion lower each month than the other two Agencies https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1687253#M2802 <P>TransUnion uses their own scoring model (VantageScore) so there is going to be some variability.</P> Wed, 15 Jul 2020 16:27:13 GMT https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1687253#M2802 tagteam 2020-07-15T16:27:13Z Re: why is TransUnion lower each month than the other two Agencies https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1688478#M2804 <P>First: There is no one single way to calculate a credit score.&nbsp; Everybody has multiple scoring systems for different purposes.&nbsp; Which one they make available to you is up to them.</P><P>&nbsp;</P><P>Second: The score is going to be based on the data at one credit bureau.&nbsp; Not all creditors report to all three bureaus.&nbsp; It makes a difference which one you use.</P> Wed, 15 Jul 2020 19:23:58 GMT https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1688478#M2804 chuck1234 2020-07-15T19:23:58Z Re: why is TransUnion lower each month than the other two Agencies https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1694218#M2817 <P>Start by getting all 3 full credit reports from <A href="http://www.annualcreditreport.com" target="_blank">www.annualcreditreport.com</A>. &nbsp;It could be that Transunion contains information that is different from the other reports (such as, a legitimate account that is not listed on your other reports, or a mistake where your other reports are correct.)</P> <P>&nbsp;</P> <P>Mistakes and inaccurate information can be appealed, but be aware that accurate information can't be removed no matter what "credit repair" companies claim.</P> <P>&nbsp;</P> <P>Then, understand you have over 50 different "official" FICO credit scores. &nbsp;FICO offers different mathematical models. &nbsp;The most common is "FICO 8", and you can have 3 different FICO 8 scores if the information at the 3 credit bureaus is slightly different. &nbsp;Your general credit score goes from 300-850, but there are also specialty scores focused on particular lending sectors (like credit cards, mortgages and car loans) that use different mathematical models and those scores go from 250-900. &nbsp;And some lenders prefer the older FICO model 3 or 5. &nbsp;So your score can be calculated in lots of different ways.&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>Also, the score provided by the Turbo® app or website is a Transunion "Vantagescore" which is similar to but not the same as your FICO score. &nbsp;To get access to your FICO scores, you will need to buy a subscription somewhere. &nbsp;(Some credit cards will give you a score for free. &nbsp;You need to be careful what you're looking at. &nbsp;American Express gives an Experian FICO 8 score, Citibank gives an Equifax Bankcard FICO 8 score, and Chase gives a VantageScore, so they're all different for the same person.)</P> <P>&nbsp;</P> <P>Finally, a 5-10 point difference is not really meaningful anyway. &nbsp;If your FCIO 8 scores are 703, 703 and 698, that all indicates you are a "good" borrower, and an &nbsp;average credit risk. &nbsp;If you needed to borrow money and a lender was going to pop your interest rate because 700 is their cutoff and one out of three scores is lower, go find another lender. &nbsp;</P> Fri, 17 Jul 2020 15:46:02 GMT https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1694218#M2817 Opus 17 2020-07-17T15:46:02Z
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" version="2.0">
<channel>
<title>
topic Re: why is TransUnion lower each month than the other two Agencies in Credit score
</title>
<link>
https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1694218#M2817
</link>
<description>
<P>Start by getting all 3 full credit reports from <A href="http://www.annualcreditreport.com" target="_blank">www.annualcreditreport.com</A>. &nbsp;It could be that Transunion contains information that is different from the other reports (such as, a legitimate account that is not listed on your other reports, or a mistake where your other reports are correct.)</P> <P>&nbsp;</P> <P>Mistakes and inaccurate information can be appealed, but be aware that accurate information can't be removed no matter what "credit repair" companies claim.</P> <P>&nbsp;</P> <P>Then, understand you have over 50 different "official" FICO credit scores. &nbsp;FICO offers different mathematical models. &nbsp;The most common is "FICO 8", and you can have 3 different FICO 8 scores if the information at the 3 credit bureaus is slightly different. &nbsp;Your general credit score goes from 300-850, but there are also specialty scores focused on particular lending sectors (like credit cards, mortgages and car loans) that use different mathematical models and those scores go from 250-900. &nbsp;And some lenders prefer the older FICO model 3 or 5. &nbsp;So your score can be calculated in lots of different ways.&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>Also, the score provided by the Turbo® app or website is a Transunion "Vantagescore" which is similar to but not the same as your FICO score. &nbsp;To get access to your FICO scores, you will need to buy a subscription somewhere. &nbsp;(Some credit cards will give you a score for free. &nbsp;You need to be careful what you're looking at. &nbsp;American Express gives an Experian FICO 8 score, Citibank gives an Equifax Bankcard FICO 8 score, and Chase gives a VantageScore, so they're all different for the same person.)</P> <P>&nbsp;</P> <P>Finally, a 5-10 point difference is not really meaningful anyway. &nbsp;If your FCIO 8 scores are 703, 703 and 698, that all indicates you are a "good" borrower, and an &nbsp;average credit risk. &nbsp;If you needed to borrow money and a lender was going to pop your interest rate because 700 is their cutoff and one out of three scores is lower, go find another lender. &nbsp;</P>
</description>
<pubDate>Fri, 17 Jul 2020 15:46:02 GMT</pubDate>
<dc:creator>Opus 17</dc:creator>
<dc:date>2020-07-17T15:46:02Z</dc:date>
<item>
<title>
why is TransUnion lower each month than the other two Agencies
</title>
<link>
https://ttlc.intuit.com/community/credit-score/discussion/why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1687191#M2801
</link>
<description>
<P>I&nbsp; have 703 this week from the other two agencies and have had that score for a number of months. With the Trans Union it is always 5 to 10 points lower. I always pay at least twice as much as the minimum payment on my accounts. I have serious health problems that limit what I can eat so the food I have to purchase is expensive. That is mostly what I use my credit cards for each month. Rent keeps getting more expensive but since I have lived in the same place for 16 years and my landlord knows about my health and the fact that I am a stable tenant and am never late on rent he has tried to help me stay where I am. I haven't paid any bill late in at least 16 years. That is living on Social Security and a small retirement check. If I could get my interest rates down I could be paying down faster on the the two highest balances. I&nbsp; have stopped using most of my credit cards and should have another one paid off in about 4 months.&nbsp;</P>
</description>
<pubDate>Wed, 15 Jul 2020 16:18:11 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/credit-score/discussion/why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1687191#M2801
</guid>
<dc:creator>stepsx12</dc:creator>
<dc:date>2020-07-15T16:18:11Z</dc:date>
</item>
<item>
<title>
Re: why is TransUnion lower each month than the other two Agencies
</title>
<link>
https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1687253#M2802
</link>
<description>
<P>TransUnion uses their own scoring model (VantageScore) so there is going to be some variability.</P>
</description>
<pubDate>Wed, 15 Jul 2020 16:27:13 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1687253#M2802
</guid>
<dc:creator>tagteam</dc:creator>
<dc:date>2020-07-15T16:27:13Z</dc:date>
</item>
<item>
<title>
Re: why is TransUnion lower each month than the other two Agencies
</title>
<link>
https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1688478#M2804
</link>
<description>
<P>First: There is no one single way to calculate a credit score.&nbsp; Everybody has multiple scoring systems for different purposes.&nbsp; Which one they make available to you is up to them.</P><P>&nbsp;</P><P>Second: The score is going to be based on the data at one credit bureau.&nbsp; Not all creditors report to all three bureaus.&nbsp; It makes a difference which one you use.</P>
</description>
<pubDate>Wed, 15 Jul 2020 19:23:58 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1688478#M2804
</guid>
<dc:creator>chuck1234</dc:creator>
<dc:date>2020-07-15T19:23:58Z</dc:date>
</item>
<item>
<title>
Re: why is TransUnion lower each month than the other two Agencies
</title>
<link>
https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1694218#M2817
</link>
<description>
<P>Start by getting all 3 full credit reports from <A href="http://www.annualcreditreport.com" target="_blank">www.annualcreditreport.com</A>. &nbsp;It could be that Transunion contains information that is different from the other reports (such as, a legitimate account that is not listed on your other reports, or a mistake where your other reports are correct.)</P> <P>&nbsp;</P> <P>Mistakes and inaccurate information can be appealed, but be aware that accurate information can't be removed no matter what "credit repair" companies claim.</P> <P>&nbsp;</P> <P>Then, understand you have over 50 different "official" FICO credit scores. &nbsp;FICO offers different mathematical models. &nbsp;The most common is "FICO 8", and you can have 3 different FICO 8 scores if the information at the 3 credit bureaus is slightly different. &nbsp;Your general credit score goes from 300-850, but there are also specialty scores focused on particular lending sectors (like credit cards, mortgages and car loans) that use different mathematical models and those scores go from 250-900. &nbsp;And some lenders prefer the older FICO model 3 or 5. &nbsp;So your score can be calculated in lots of different ways.&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> <P>Also, the score provided by the Turbo® app or website is a Transunion "Vantagescore" which is similar to but not the same as your FICO score. &nbsp;To get access to your FICO scores, you will need to buy a subscription somewhere. &nbsp;(Some credit cards will give you a score for free. &nbsp;You need to be careful what you're looking at. &nbsp;American Express gives an Experian FICO 8 score, Citibank gives an Equifax Bankcard FICO 8 score, and Chase gives a VantageScore, so they're all different for the same person.)</P> <P>&nbsp;</P> <P>Finally, a 5-10 point difference is not really meaningful anyway. &nbsp;If your FCIO 8 scores are 703, 703 and 698, that all indicates you are a "good" borrower, and an &nbsp;average credit risk. &nbsp;If you needed to borrow money and a lender was going to pop your interest rate because 700 is their cutoff and one out of three scores is lower, go find another lender. &nbsp;</P>
</description>
<pubDate>Fri, 17 Jul 2020 15:46:02 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/credit-score/discussion/re-why-is-transunion-lower-each-month-than-the-other-two-agencies/01/1694218#M2817
</guid>
<dc:creator>Opus 17</dc:creator>
<dc:date>2020-07-17T15:46:02Z</dc:date>
</item>
</channel>
</rss>