Why is Equifax so much lower than TransUnion?
They will have different scores because of what is voluntarily reported to them.
So why do they have different scores?
Equifax, Experian and Transunion use different algorithms, there is different information reported to each company, and TransUnion places more weight on your employment history or personal information.
Which is more important Equifax or TransUnion?
A: As a general matter, no one credit bureau report is “more important” than the others. The challenge, of course, for consumers is that you never really know which bureau report a lender will pull. It could be Equifax, Experian or TransUnion – or perhaps all three.
Is Equifax usually the lowest score?
The Equifax Credit Score uses a numerical range of 280 to 850, where higher scores indicate lower credit risk. The FICO Score uses a numerical range of 300 to 850, where higher scores also indicate lower credit risk.
Is a lower credit score better?
For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Higher scores represent better credit decisions and can make creditors more confident that you will repay your future debts as agreed.