Want to check on your credit score? Which one? Your credit score can vary depending on which of the three major bureaus you check, TransUnion, Equifax or Experian. Learn Why Your Credit Scores at the Three Bureaus Are All Different below.
Usually, your score at the three major bureaus—TransUnion, Equifax, and Experian—should be relatively similar. But they can vary, sometimes by quite a bit, depending on what kind of info the bureau has on you. Credit expert Gerri Detweiler elaborates:
“Since creditors aren’t required to report to all three agencies, some may report to just one or two, for example. But more likely reason they are different is because each agency is using a different credit-scoring model to create the score, and each model may weigh information slightly differently.” For example, one scoring model might ignore all paid collection accounts, while another might ignore collection accounts where the original balance was less than $100, Detweiler said.
Each bureau comes up with a score based on the FICO algorithm, but the info for that method is based on the information the bureau has on file. So if the info varies, your score will vary, too.