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Puddy

Who can break down the three credit reporting companies?

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What scores make up the tiers of Transunion, Equifax and Experian.

 

I'm curious because I've gotten my free credit report from two of the three this year and the scores are different.

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What scores make up the tiers of Transunion, Equifax and Experian.

 

I'm curious because I've gotten my free credit report from two of the three this year and the scores are different.

I am confused by the question...what exactly are you asking?

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I am confused by the question...what exactly are you asking?

 

For example:

 

Experian - 775-825 = excellent, 725-775 - very good

 

or something similar. I'm not sure what terminology is even used. Or maybe a range = A+, A, A-....

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For example:

 

Experian - 775-825 = excellent, 725-775 - very good

 

or something similar. I'm not sure what terminology is even used. Or maybe a range = A+, A, A-....

oh....gotcha....

 

be right back with those...

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I cannot seem to find the exact ranges they each use but basically a credit score of 750 or higher is the best...but anything over a 700 is very, very good...

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I cannot seem to find the exact ranges they each use but basically a credit score of 750 or higher is the best...but anything over a 700 is very, very good...

This is applicable to all three I'm assuming.

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This is applicable to all three I'm assuming.

 

 

That was always my understanding, I'm just amazed how much the three scores can range.

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This is applicable to all three I'm assuming.

yes, I know one of them is 300 - 850...the other two are between 300 something and 800 something...anything over 800 is rare...and there is no real difference between a 752 and a 829....

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Were they far apart? I just got mine the other day and they were 705, 709 and 707.

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calculating a credit score is like being a real estate appraiser...there isn't an exact number, it's just an estimate...

 

I noticed that Equifax gets hit up the most....Experian is the least important of the 3....and Equifax is just there...

 

at least from what I've checked the past few years...

 

my scores are sometimes 30 points different...

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Were they far apart? I just got mine the other day and they were 705, 709 and 707.

 

I think Experian and Transunion were about 30 points apart. However, I did run them six months apart.

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I think Experian and Transunion were about 30 points apart. However, I did run them six months apart.

I think the bureaus treat certain components differently. For example, TransUnion weighs credit history more than Experian. Or Experian weighs open balances more than Equifax, etc. etc. etc.........

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is it true that your credit score goes down the more times you request a score?

Yes, when someone runs your credit (also called an "inquiry"), you get a ding (1-3 points, I think).

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Yes, when someone runs your credit (also called an "inquiry"), you get a ding (1-3 points, I think).

 

whats the rational behind that?

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whats the rational behind that?

I'm guessing if someone is constantly looking for credit, that's a red flag.

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I'm guessing if someone is constantly looking for credit, that's a red flag.

Right.

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Yes, when someone runs your credit (also called an "inquiry"), you get a ding (1-3 points, I think).

You are however allowed 4 pulls in a month from the same industry without losing points...they allow for "shopping" to some extent

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