A mortgage lender might find that TransUnion data paired with FICO 10T best predicts risk for their borrowers, while a credit card company might find Equifax data with an older model to be more predictive. An auto lender, for example, will use a FICO Auto Score, which places extra emphasis on your history of car payments and the age of your vehicle loan.
FICO 10 Versus FICO 8: What Changed and Why Your Scores Differ
The Three Credit Bureaus and Their Data The primary reason for differing scores is that the information held by Experian, Equifax, and TransUnion is not identical. If a lender pulls FICO 8 while another pulls FICO 9, the numerical scores can differ by several points, even with the same underlying data.
A payment history recorded with one bureau might be missing or dated differently at another. The Role of Scoring Model Updates Frequent updates to scoring models mean that the rules used to calculate your score are constantly evolving.
FICO 10 Versus FICO 8: What Changed and Why Your Scores Differ
Minor fluctuations between reports are normal, but large discrepancies may indicate a reporting issue that requires investigation with the specific bureau. When a new version of FICO is released, it may assign different point values to late payments, credit inquiries, or account age.
More About Why fico scores are different
Looking at Why fico scores are different from another angle can help expand the discussion and give readers a second clear paragraph under the same section.
More perspective on Why fico scores are different can make the topic easier to follow by connecting earlier points with a few simple takeaways.
