I have heard of differences between credit scores depending on the formula used. But what should I do when the difference from one bureau is 50-60 points less than the other two bureaus?
Long and short of it: I was trying to refinance my car today, as my credit score has greatly improved since I originally purchased the car. I monitor my Expiring credit score and pull a report monthly. Today I was working with my lender through e-mail, and when my lender ran a credit check, it came up as the upper 650s! I was surprised so I then pulled up Trans Union’s report which is sitting at the 710-719 range, the same range as my Expiring report.
I then decided to pull Equifax, and looking over the Equifax report, I can’t come up with any inaccuracies, but I am questioning the validity of the score since it is so much lower than the rest. I passed on all three reports to my credit union to show them the difference and they agree it is very odd.
What should I do to remedy the situation? As a consumer, is there anything I can do?
It is very frustrating to be working so hard being responsible with credit and monitoring my credit so that I build myself a successful financial future and to see such a large discrepancy!