ID Theft
Credit monitoring discrepancy?
I have been a long-time member of myfico.com credit monitoring (sponsored by equifax). They monitor my equifax score, and report it as being 626. For giggles I joined truecredit.com (sponsored by TransUnion), and got their 3-1 score monitoring service. They show my TransUnion score and Experian score as 636 and 633 respectively, but show my Equifax score as 559. I was wondering if anyone can explain the vast discrepancy between what truecredit.com reports my Equifax score being (559), and what myfico (sponsored by equifax) reports my Equifax score as being (626)?
Public Comments
- Myfico is not Equifax but TruCredit is Transunion. Equifax calls their scoring system ScorePower. MyFico controls the FICO Score which is the most widely used system. Now they do pull your Equifax Report(as well as the ability to pull your TransUnion or Experian Report) but use the FICO Scoring model. Each of the scoring systems used are proprietary to each company and use a slightly different scoring model. So MyFico is different from TruCredit, and both are different from Equifax(ScorePower). So even with the same exact data you will get a different score from each company. I wouldn't worry about the discrepencies as a variance of 100 points is not uncommon. You should be more concered with making sure the data on your reports are valid. If you have incorrect data you score will be wrong.
