Forums
I just pulled my credit reports from all three credit bureaus. I have a 728 with Experian, 680 with Equifax, and 658 with TransUnion. I minutely reviewed the reports to see the differences but there are very few. They all have the same amount of accounts, the same balances, the same history. Any idea why such a wide discrepancy in scores?
I would like to get a car loan. Will I qualify with such a score? Which of the reports will the lenders check?
Thanks
differences in credit scores
Hi Serena,
Basically some creditors and lenders do not report to all of the three credit bureaus. Therefore, some of your accounts may not show up on all the three reports. Even the three bureaus calculate their score individually. Thus, the variation in the score.
Your scores with Experian, Equifax and TransUnion is 728, 680 and 658 respectively. The lenders may consider your middle score that is 680. With a score of 680, you will qualify for a car loan. However, the interest rate on the loan perhaps will be a bit high. Generally score above 700 is considered to be good so that you can qualify for loans with low interest rates.
The lenders can check either 1 or all 3 of your credit reports.
Thanks,
Aaron
negative tradelines can make for big score changes. it must be that at least one negative is only reporting on two CRAs