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Credit Card Applications » Credit Card Questions » Other Questions » why are my experian score so much lower than equifax and transunion even though they have the same...

why are my experian score so much lower than equifax and transunion even though they have the same...

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Date:
May 6, 2007, 6:18 pm
why are my experian score so much lower than equifax and transunion even though they have the same info?
Answer:
Indeed sometimes there could be differences among the scores from three credit bureaus - Experian, Equifax and Transunoin. This can partly be explained by the fact that these three agencies work separately and have slightly different methods of scoring. Besides, what is more important - not all lenders submit the necessary information about your loans to all three bureaus, they may report only to one or two of them. That's why it is essential for you to be sure that your creditors report to all three credit bureaus. Moreover, you must be certain that your reports are updated by each of the bureaus and that they contain no mistakes, omissions and inaccuracies. To put your reports in order you must apply to each of the three credit bureaus and ask them to provide you your reports. After receiving them check each report carefully for any incorrect or outdated information. Ask the bureaus to correct the wrong items immediately. Keeping your scores equal is very important, and if you manage to do that and raise them high enough you'll have a good chance to apply for the best credit cards.
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