The lower Equifax number is a common concern for many people. TransUnion: Credit Rating. This won’t show up on your Experian or Equifax records. 0 is between 720 and 780. TransUnion however gives me a credit score of 780 and Equifax a credit score of 730. This purchase is only good for a one-time view. After speaking with two mortgage specialists, I was led to believe that the two scores would be within 10 points of each other. But rather than comparing Equifax vs. We would like to show you a description here but the site won’t allow us. You can find the contact information under the account details section of your credit report. wrote: I'm in the same boat. 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. 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. 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. 2. 0 is between 720 and 780. FICO scores are generally calculated using five categories of information. 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. I have 596 Exp and 670 with the other 2. Which is better Experian TransUnion or Equifax? Based on our analysis, Experian provides the best service for the money. Good habits, such as making payments on-time and using less of your available credit, among others, can help you improve your credit health over time. Equifax Credit Score. 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. There’s a difference in algorithms between TransUnion vs. WHY?? This makes no sense to me, if FICO is derived from Equifax and TU how. Consumers normally do not have a single score but rather many credit scores. The credit scores you see when you check a service like Experian may differ from the FICO scores a lender sees when checking your credit. Why is my Equifax score lower than Experian? This is due to a. 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. Q: I just checked my credit score and my TransUnion score is 20 points lower than the others. Find The Best Credit Reporting. FICO, which is a U. Message 2 of 8. Your Equifax credit. A 700 score places you right in the middle of the good range, but still slightly below the average credit score of 711. Yes, equifax and transunion from credit karma so vantage score 3. The Differences Between Equifax, Transunion, and FICO. And a lender may report updates to different bureaus at different times. ERS 2. Yes, equifax and transunion from credit karma so vantage score 3. . 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 FICO 8 scores. In fact, there are several reasons why your scores from Experian, TransUnion and Equifax are typically different. . 0 credit score was lowered by 72 points. Data Collected. ”. Provided your lenders report your payment history to the three nationwide consumer reporting agencies, a secured credit card can be a powerful tool for building and improving credit. Why is my Experian 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. In fact, there are several reasons why your scores from Experian, TransUnion and Equifax are typically different. The average VantageScore 3. These are what you see when you look up your. 590 on Experian, 651 on Transunion, exact same information for both. The information available online shows that Equifax uses an 81-month credit history. Credit scoring at Equifax works in largely the same way as the process works at Experian (and TransUnion). 4. in 2020 TU was ~40 lower than my EQ and ~30 lower than my EX. Why is TransUnion so much lower than others? Equifax and TransUnion have different scores because slightly different information is reported to each credit reporting agency. And a lender may report updates to different bureaus at different times. They. So, you may have loan A which is reported to Experian, while loan B is reported to Equifax. 590 on Experian, 651 on Transunion, exact same information for both. FICO® Score 8 is a little more forgiving of a one-time late payment than previous versions. The first two versions of the VantageScore ranged from 501 to 990, but the latest VantageScore 3. And a lender may report updates to different bureaus at different times. You have different credit scores, so your other credit score might be higher, or lower, than the TransUnion score you see on Credit. Another invisible difference between these agencies is the data collected. This is just to let the consumer. These scores are not provided by Credit Karma. A creditor could be reporting your payments to just one or two of them, instead of all three. JUST NOW I ran my credit reports from all three agencies -- Experian, Equifax, Transunion. In this case, there might be a brief period where your Equifax credit score is significantly lower than your TransUnion credit score. Score: 4. And a lender may report updates to different bureaus at different times. We would like to show you a description here but the site won’t allow us. This includes an. And a lender may report updates to different bureaus at different times. If we didn't, seemingly normal credit usage today would be considered a higher risk than in years past. 9. FICO. Why is Equifax lower than TransUnion? The lower Equifax number is a common concern for many people. So, if you have a $4,000 credit limit, your balance should remain below $1,200. wrote: wrote: I'm in the same boat. VantageScores above 780 are considered “superprime” while those between 601 and 660 are “near prime. Mostly just confused why the transunion would have gone down regardless of the model used. Depending on what your scores are, you may wonder what they mean. No searches, no defaults no nothing. 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. 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. Equifax 834, Transunion 900. And a lender may report updates to different bureaus at different times. 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. “Late” generally means at least 30 days after the due date. Most banks use FICO scores. Fair: 580 to 669. TransUnion: Credit Rating. 0. We are Indianapolis’s only Licensed, Bonded & Insured full service credit consulting company, InCreditable Advisors, give us a call today and let us help you improve your credit at 317-202-1297 to schedule your appointment today. Why is my 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. In my experiance, they seem to be more up to date on your payment history, but not your balance. Even though the precise number of the ranges might vary, in practice, the differences aren't major: The higher your credit score,. My Equifax Dispute. If you are a CIBC client and are using the bank’s mobile banking app, you can check your Equifax credit report for free online. 0 scores from TransUnion and Equifax. That being said, if any credit score (even an. Some people want to achieve a score of 850, the highest credit score possible. Good: 670 to 739. My mortgage broker said because of the 588 score, I wont even get an offer from her 30 lendors so she said it's probably not worth even applying/trying until I get that to an even 650 on Equifax. Experian 76%. I did find a couple of minor discrepancies on my Equifax report, disputed them, and they have been "resolved. 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. Experian: 715Score: 4. Highlights: A credit score is a three-digit number designed to represent the likelihood you will pay your bills on time. The higher the number, the. Why are my scores differ so much and Which score will…Experian, Equifax, and TransUnion each offer credit monitoring services. In fact, 90% of lenders check FICO Scores rather than any other types of credit scores, though VantageScore is rapidly gaining popularity. They might also weigh your information differently depending on the type of credit account for which you've applied. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. Experian utilizes the FICO scoring model while TransUnion scores are based on the VantageScore model. This may be a silly question but how come my Experian score is so much more different than my Equifax and Transunion scores? I get that they vary a little depending on the credit reporting company but my Experian score is drastically lower than the other two and I'm not sure why. It is really affecting me getting an auto loan. 5 reasons your FICO score may be lower than your credit score. A higher score means lower risk and vice versa. For example, your Experian credit score. Regarding credit reports, Equifax includes 81 months of credit history, whereas TransUnion includes 84 months. 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. Each company has its own method of collecting financial information. However being under 700 on one while being over 800 on the other is unusual. And only recently did we start reporting to Experian. 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. 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. 95 a month. 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. 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. However, VantageScore 3. Would these all be the same? Not necessarily. 95 per month. FICO credit scores, the industry standard for sizing up credit risk, range from 300 to a perfect 850—with 670 to 739 labeled “good,” 740-799 “very good” and 800 to 850 “exceptional. The key thing to understand is the difference between a credit bureau and a scoring model. Here are five main factors that affect your credit scores: Payment history, or whether you pay your credit accounts on time, makes up about 35% of the typical credit score. Gives you a better understanding of your credit and more confidence when you apply. The Equifax credit score you receive from the Borrowell website is generated directly from Equifax and is called the Equifax Risk Score 2. Both range from 300 to 900, which is the credit score range in Canada. A person’s Experian credit score may be lower than their TransUnion or Equifax scores for several reasons. Each is collecting the same information about your credit history, but it's not uncommon for there to be slight variations among the different reports. For auto and personal loans, banks usually ask only one of the three big credit-reporting firms — Equifax, TransUnion or Experian — for a score, Bingham said. Of course, there are several different versions of FICO scores, and the one your lender uses could be different than the one you get from Discover or Experian's. Your Equifax score can be lower than your TransUnion score for a variety of reasons. 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. Sponsored. No disputes, no reason to cause them to be removed. 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. Also the different credit bureaus do calculate the scores differently. That's funny. 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. Delinquencies reported on a loan reported on one credit report, but not the others, is the most common reason why you'll see wide. I am and have been getting alerts from Myfico about a lot of changes in my TU and EX since the beginning of February. The actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. This is why your score can be so different with each one. 1. Learn more. Equifax and TransUnion scores can only be as accurate as the information they receive. FICO is 300-850, Vantage is 501-990, PLUS is 330-830, TransRisk is 350-850, and so on). Equifax Equifax scores range from 280 to 850. The point of this. Length of credit history: 15%. However, these agencies may use this model to weigh each factor differently. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. A good score with TransUnion and VantageScore® 3. One place to look is derogs. My Equifax is more than 100 points lower than my TU score. 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. 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. A FICO score of 650 is considered fair—better than poor, but less than good. wrote: I'm in the same boat. These factors are likely to yield different credit scores, even if your credit reports are identical across the. Credit Karma only uses Trans Union data so it does not take into consideration Experian or Equifax data which can be different. 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. 0 and 4. Applied for multiple lines of credit. My FICO went up like with the equifax reported by credit karma. Identity Guard. TransUnion vs. The credit bureaus may have different information. 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. 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. If, for example, you pulled a copy of your Experian report and your lender is looking at your TransUnion report, the data may not. Why is my Credit Karma Score much lower than FICO Score? I signed up for that $1 promotional 3 Bureaus report from an Experian company. The actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. That's funny. TransUnion is bringing up the rear among the three. 0, which Credit Karma uses. 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. They have change slightly since I originally post the. 740-799 = Very Good. Why is Equifax lower than TransUnion? The lower Equifax number is a common concern for many people. " 03-23-2012 12:19 AM. Theyll likely be slightly different, and its possible they could be very different. This factor can affect your credit scores even if you pay your credit cards off in full each month. For more information please visit us at and book an appointment today. This data is then distilled and calculated to create your credit score. Re: Equifax Score Not Updating. So if you don't see Equifax in. ”. For example, a mortgage lender may look at a different credit score than your bank when they are deciding whether to grant a credit card or a new credit limit. Often called "educational" scores. Even if they have the same accounts and balances they may classify them differently. A credit scoring model like FICO or VantageScore evaluates your Equifax credit report and. Why is my TransUnion score 100 points lower than Equifax? The credit bureaus may not have the exact same information on you. Equifax: How to check your credit scores. Got the credit report back in mail and it seems equifax beacon 5 (FICO score 5) came out like 30 points lower than Experian (FICO 2) and Transunion (FICO 4). Conversely consumers with lower FICO scores at bureau "A" will likely get low FICO Scores at the other two bureaus when the underlying data is the same across the bureaus. Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our. 45. The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three major credit bureaus. 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. The VantageScore model wasn’t introduced until 2006. The Bottom Line. 0 range from 501 to 990. Credit Karma is a user-friendly online service that offers free Vantage 3. 4/5 ( 47 votes ) The lower Equifax number is a common concern for many people. A “good” score may rest in the 661 – 720 range. 0 scores. Each company has its own method of collecting financial information about you, and the. 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. In addition, TransUnion reports your employment history and personal information. However, interest rates will be higher, and the loan amounts will often be lower. 8/5 (74 votes) . Experian and Equifax are the two largest credit bureaus in the United States. Yes we display your Equifax credit score. TransUnion offers a similar product to Experian Boost. 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. Great chance you are comparing a score from Credit Karma with a range of 501-990 versus the score your bank is using. Different FICO models can produce very different scores. 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 credit report is a record of how you manage your money. Experian should give you the negative reason codes that are holding or suppressing your scores if you click on your FICO8 score. Equifax and TransUnion scores can only be as accurate as the information they receive. VantageScore is the result of a collaboration between the three nationwide credit bureaus – Equifax, Experian and TransUnion. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus. 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. 0 and 2. Tackling those reasons will help improve your score along with practicing good credit behaviors. ALL of my AU accounts that have been reporting for over a decade were removed from Equifax over the past week. Your score differs. At first, VantageScore credit scores featured a different numerical scale (501 to 990). The only difference is that I have a single collections account reporting which is bogus. Fiance's scores are 770 and 760 for Equifax and TransUnion respectively. It's important to know that you have more than one credit report. Credit mix: 10%. First, it is important to understand what a FICO score is. Why Is My Equifax Score Lower Than TransUnion? The lower Equifax number is a common concern for many. Help spot potential signs of ID theft with 3-bureau credit file monitoring; Control access to your Equifax credit report, with certain exceptions, with the freedom to lock and unlock it; Uncover potential threats to your identity with dark web scanning and alerts Go to TransUnion’s site and submit a new dispute. 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. General FICO ® Scores range from 300 to 850, and so do VantageScore 3. My Equifax report still lists my employer as "Parental Allowance" from when my parents helped me get my first credit card at 18. Why is my Equifax score lower than FICO? Asked by: Miss Megane Kuphal Jr. One of which is that they use different algorithms to calculate your credit score. It may also be looking at a different FICO scoring method. The base FICO ® Scores range from 300 to 850, while FICO's industry-specific scores range from 250 to 900. The answer is easy. CreditWise uses TransUnion’s VantageScore 3. 03-29-2007 08:24 PM. 3 Bureau Credit Report & FICO Score: For $39. Experian Credit Reporting and TransUnion Credit Reporting are very close in quality and have the same overall rating. If you have any credit accounts, such as credit cards or loans, you have a credit report. Financial Smarts Transunion vs Equifax TransUnion® Vs. 0 based on my TransUnion credit. On Credit Karma, my score are 797 and 806 for. Like all credit-reporting agencies, TransUnion and Equifax use. 0. Chase favors Experian, but may also buy Equifax or TransUnion reports. Equifax ID Patrol™ Help better protect your identity and stay on top of your credit. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. While the high end of the range are all within 10 points of each other, the lower end shows a much larger span. Above 800 = Exceptional. But at my credit union, I have access to two different score models. That applied to both individuals and family plans. 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. Current spread is 81 points. Equifax uses the Equifax Risk Score, while TransUnion uses the CreditVision Scoring model. One of the scoring models that TransUnion uses to calculate credit scores is VantageScore® 3. Users of TransUnion eCredable Lift can report their utility bill payments, resulting in an overnight improvement to their credit scores. Why is my Experian score so much lower than Credit Karma? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. TransUnion is bringing up the rear among the three. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. There are many different scoring models. This means that your credit score may differ even with the same credit history. Taking a 290K loan, I have been paying $1900/month for almost 1. 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. 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. From a BK years ago to: EX - 3/11 pulled by lender- 835, EQ -. Re: Why did Equifax Credit Score Drop 9 Points For No Reason/TransUnion Stayed stable. Your VantageScore® 3. Then there are “educational” credit scores. Equifax comparison, both rely on some of. See your credit utilization rate details for each bureau. Debt balances make up about 30% of the typical credit score. 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. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score. 118 and 1 credit report with credit score costs Rs. For more information please visit us at and book an appointment today. If you discover that an impostor is using your identity, don’t panic. For instance, if you have a credit card with a $1000 credit limit reporting as a $100 credit limit, this could cause a big hit to your credit utilization ratio. FICO Score 9 is already being used by hundreds of lenders, and eight of the nation’s top 10 lenders have either evaluated it, are in the process of evaluating it or plan to do so, according to. 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. It is really affecting me getting an auto loan. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. The other two only report the name of your employer and do not add any weight to that fact. Both FICO and VantageScore assign higher credit scores to consumers deemed as lower-risk borrowers, and both currently range from 300 to 850. By law,. Higher credit scores generally result in more favorable credit terms. Partly because FICO makes many scoring models, and also because the data that goes into the model could come from three different places. That applied to both individuals and family plans. VantageScore – it began in 2006 and is what Credit Karma uses. Why is my Experian score 100 points lower than TransUnion and Equifax? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. First, the Experian scoring model may differ from the ones used by TransUnion and Equifax. I signed up for experians free credit report which includes your actual FICO score - I really wanted to know this number as I've read that Chase uses Experian scores for ecredit consideration and I was recently rejected for a Chase Saphire card. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus. 300-900. It also impacts your cost of borrowing. It's just a list of your current outstanding loans, and if you're in good standing with them. Even large deviations between credit scores from. Credit Karma offers even more interactive tools and resources than Experian to help you improve your credit scores and meet financial goals. 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. Similar numbers. Credit bureaus are companies that collect consumer credit information. 1. So your FICO scores are your most relivant scores, followed by Vantage scores. 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. 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. Credit Karma for credit score accuracy, you may want to understand first why you have multiple credit scores — and how your scores affect your financial progress. Even large deviations between credit. TransUnion offers more insight into a person’s job history, whereas Equifax provides more information about mortgage history. 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. You’ll have to purchase your credit score separately. Good Morning, Apologizing in advance if this question has been asked previously. At you can buy just a credit report and FICO score for $15. 0. For starters, Equifax and Transunion have their own proprietary algorithms, with each one assigning a different weighting to the criteria. Why is my TransUnion score lower than my Equifax? The credit bureaus may have different information. Cost of the Report. FICO 8 is more. I wouldn't worry about it. 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. You can find the contact information under the account details section of your credit report. Suzanne Kvilhaug. Here’s the short answer: The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. Only Credit Report costs Rs. I called Equifax to find out why they were vending a different credit score to the lender than to me. TransUnion 30%. The lower Equifax number is a common concern for many people. Score: 4. 4/5 ( 61 votes ) Your Equifax score is lower than the other 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 system. FICO. But each model makes very different scores. For example, the number of accounts you have or your payment history may be scaled differently depending on the agency. This is one of the least forgiving bureaus because much more weight is assigned to your payment history and the average age of your credit accounts. 0 vs FICO 8 credit score comparison charts for TransUnion, Experian, and Equifax with my credit scores. This model scoring scale starts at 300 (the lowest) and caps at 850. The scores may have different interpretations, a 600 from Equifax may be equivalent to a 700 from TransUnion. In other words, your credit utilization rate is how much of your available credit you’re using at any given time. The whole credit industry is weird. 670-739 = Good. There are also third-party credit monitoring services, such as MyFICO, Identity Guard, and LifeLock. On March 12th, 2019, I disputed multiple records for various discrepancies with all three of the credit bureaus. There are a number of reasons for this. “It was close to 730. FICO defines the following credit ranges based on FICO® Score 8 credit scores: Exceptional: 800+. This month I've had two statements reported on Feb. My Experian is looking pretty tidy. 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. These are things like lates and collections and. So, if you have a $4,000 credit limit, your balance should remain below $1,200. The other two only report the name of your employer and do not add any weight to that fact. And less accurate for the lender ultimately. TransUnion offers a similar product to Experian Boost. Some people want to achieve a score of 850, the highest credit score possible. It provides two scores, one based on credit bureau data from Equifax and the other based on data from TransUnion. 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. Equifax credit scores are not used by lenders and creditors to assess consumers' creditworthiness. Both companies collect credit information on individual consumers, which they sell to lenders and. My scores are 850, 850 and 840 for Experian, Equifax and TransUnion, respectively. 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. When lenders review your credit report for the purpose of an application, a “hard inquiry” is placed on the credit report they checked. 0. Why is my Equifax score low? A low score (less than 650) indicates a high-risk customer with a high probability of defaulting on debt obligations. TU (900) still has me as a student. 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. . New credit: 10%. Second, Experian considers a different. They’ll be in red and in order of importance. 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. Although ranges vary.