laura66 Posted May 30, 2003 Report Share Posted May 30, 2003 Ok, I'm really getting confused. I just signed up for the credit monitoring trial through freecreditprofile.com (linked from transunion), and my score there was only 573!!! However, directly from transunion it was 613, which was my lowest score. What in the world is going on? Link to comment Share on other sites More sharing options...
kb9tbq Posted May 30, 2003 Report Share Posted May 30, 2003 Recommend that you pick one score and just stick to using it. Best if it is directly through the CRAs and not a secondary source.Even if you got access to your fico score through one of the CRAs - it still would not match the exact model used by creditors.The monitoring services are fair, but they have draw backs - as to not always providing the raw data provided by each individual agency or matching scores used by each agency.The consumer credit scores are solely for a guage to determine a general range and get tips for what areas need attention for improvement. Link to comment Share on other sites More sharing options...
laura66 Posted May 30, 2003 Author Report Share Posted May 30, 2003 Thank you. So maybe stick with the lowest score and work my way up from there. The others hopefully will follow suit! Link to comment Share on other sites More sharing options...
kb9tbq Posted May 30, 2003 Report Share Posted May 30, 2003 Yes they will; you want to over shoot in your journey to improve your credit. There is a 20 - 50 point average difference in what you view & what creditors will see. The scoring system used by creditors will differer also depending on what industry is using the scores like banks will differ from the auto industry. They are all different grading on different things contained in the credit report. Some will base more importance on certain types of informaiton than others will.Like the Auto industry is looking for other auto loans with delinquencies and the such.Where the bank will be looking at installment loans and use additional tools provided to figure up your income to debt ratio. Link to comment Share on other sites More sharing options...
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