Why is my credit score different on Credit Karma and Borrowell?
Different score from Credit Karma The credit score Credit Karma presents you is from TransUnion. The score Borrowell presents to you is from Equifax. Each credit bureau is its own business, they each operate in their own way.
Why is my Borrowell score higher than Equifax?
Credit bureaus like Equifax actually produce many different scores. For example, a mortgage lender may look at a different score than your bank does when they are deciding whether to grant a credit card or new credit limit. Sign up for Borrowell and monitor your credit score on a weekly basis.
Why is Borrowell different from Equifax?
Both companies provide similar services, but the main difference is that they use different reporting bureaus. Credit Karma pulls your credit score and reports from TransUnion. Borrowell is partnered with Equifax to provide you with credit services. You can then see the exact way the reporting agencies score you.
Does Credit Karma use Equifax or TransUnion?
The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three major credit bureaus. Credit Karma compiles its own VantageScore based on that information.
Why does Credit Karma show a higher score than Equifax?
Why your Credit Karma credit score differs Your score can then differ based on what bureau your credit report is pulled from since they don’t all receive the same information about your credit accounts. Secondly, different credit score models (and versions) exist across the board.
Do banks use Equifax or TransUnion?
While the FICO® 8 model is the most widely used scoring model for general lending decisions, banks use the following FICO scores when you apply for a mortgage: FICO® Score 2 (Experian) FICO® Score 5 (Equifax) FICO® Score 4 (TransUnion)
What is a good Equifax Risk Score?
670 to 739
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.