Why is my FICO score different than TransUnion?
When the scores are significantly different across bureaus, it is likely the underlying data in the credit bureaus is different and thus driving that observed score difference. So, make sure the credit scores you are comparing are actual FICO Scores. The FICO scores should be accessed at the same time.
Why is my TransUnion score so much higher than my Experian score?
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. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit bureaus—which is also unusual.
What FICO score does TransUnion use?
TransUnion uses the VantageScore® 3.0 model, but the above way of looking at it still applies: two different lenders may have completely different opinions on what a good-enough TransUnion score is.
Is 812 a good credit score?
Your 812 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21\% of all consumers have FICO® Scores in the Exceptional range.
Why are TransUnion scores lower?
The score you see when you check it may not be the same as the one used by your lender. Finally, your credit score can change depending on the day it’s calculated, even if the same scoring model is used. This is because scores can change as information in your credit reports is updated.
What is the highest FICO score a person can have?
850
If your goal is to achieve a perfect credit score, you’ll have to aim for a score of 850. That’s the highest FICO score and VantageScore available for the most widely used versions of both credit scoring models.
What is the lowest your credit score can be to buy a house?
620
Generally speaking, you’ll need a credit score of at least 620 in order to secure a loan to buy a house. That’s the minimum credit score requirement most lenders have for a conventional loan.
What does an 812 FICO® score mean?
Your 812 FICO ® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO ® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21\% of all consumers have FICO ® Scores in the Exceptional range.
What is the difference between Fico and TransUnion?
TransUnion® Credit Monitoring. For example, the VantageScore credit score is based on a scale from 500 to 990 – whereas FICO (the original credit scoring model created by Fair Isaac Corporation) is based on a scale from 300 to 850. Therefore, if you check your TransUnion score and see that you have a 675, that’s a poor credit score.
What credit score does TransUnion use?
There are so many credit scores out there nowadays that it’s easy to get confused as to which one is your “real,” or accurate, score. TransUnion uses what is called a VantageScore, which is the first credit score model created in partnership among all three credit bureaus — Experian, Equifax, and TransUnion.
How accurate is TransUnion VantageScore?
TransUnion uses what is called a VantageScore, which is the first credit score model created in partnership among all three credit bureaus — Experian, Equifax, and TransUnion. TransUnion VantageScore is, in fact, accurate — based on that credit score model.