Smart_Shopper wrote:Checking my FICO score on my credit card statements, I noticed a huge difference between Experian and Transunion. On my accounts that report TU, the score ranges since January have been between 736-757. The score for EX was 694. Is it common to have a 40 -50 point difference between scores?
A given score is generated from the data in a report. If you're comparing scores using the same model and they differ then review the reports to see the data differences. It's not unusual for different CRA's to have different data. What's common or not doesn't really matter. It's the data and scoring model that will affect the scores.
Smart_Shopper wrote:Checking my CR, TU reports one TL that EX doesn't, their are no late/missed payments or collection activity on any open accounts. The factors affecting score section mentions late/missed payments affecting my score. EX does report a missed payment from 5 years ago on a paid and closed account, but I wouldn't think that that would cause such a significant score difference.
It's certainly possible for all that to add up and account for the difference. Derogs tend to have a significant impact though they usually taper off as they age. That's why the first recommendation for anyone building/rebuilding is to address any derogs.