Why are my 3 credit scores so different??

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julestyle
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Why are my 3 credit scores so different??

Postby julestyle » Thu Aug 14, 2008 10:28 pm

I just checked my 3 annual free credit reports and each one is COMPLETELY different. Experien has one thing on it, Trans Union another, and Equifax is different than those two! They each have different things on them if they are old credit accounts shouldn't they be on all 3 reports by now? Do you think it's something screwy with the annual credit report website where they are ripping me off by not giving me current data and reports?

This is really irritating me because if you pulled my credit from one report it would look stellar but if you did it from the other it wouldn't look as good.


magyar1045
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Postby magyar1045 » Fri Aug 15, 2008 10:55 am

Remember not all creditors are reporting to all three credit reporting agencies. Some to all three, some to two, and others to only one. Old positive accounts stay on them forever, but negative entries fall off after years.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Fri Aug 15, 2008 6:18 pm

Magyar is right and it also depends on what type of credit you're talking about. Generally things like credit cards will show up on all 3 credit reports after a few months, but some store charge cards, bills, or other things won't always transfer over to the other.

I think it's safe to say that the big stuff - major credit cards, mortgages, car loans, etc. will eventually show up on all three eventually.

What types of credit are showing up on each?
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JEFF COGA
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Postby JEFF COGA » Tue Aug 19, 2008 1:02 am

All is true with above... here's my 2 cent

Each consumer agency who monitors your credit - has a different formula or algorithm on how they calculate your "FICO" score. AND most banks will state it can take any where from 3-6 months to report to a consumer agency BUT the reality is... it may take much longer... I have multiple income producing properties and it took almost 9 months for my mortgage trail line to show up on my credit report...
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julestyle
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Postby julestyle » Wed Aug 20, 2008 11:27 pm

Hmmm.......well thanks everyone for the answers. As far as what type of things on there, I have an auto loan with the credit union, a store card, gas station card and Providian Visa.

I think that's it if my gas and power bill and cell phone bills don't count and a couple things are from within the last half year.

But I can't believe that a mortgage would take 9 months to show up gosh you would think something as important as that would be on there right away!



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