Why Is Your Fico Credit Score Always Lower Than TransUnion & Equifax?

[TheMoneyShot]

I've googled it... read blogs. Even went to Fico.com and their explanation was horrible. Doesn't make any sense. So I'm asking you guys... why do you believe it's such a major difference?

TransUnion 725

Equifax 731

Fico Score 642


Doesn't make any sense.

[gauchojake]

I believe that FICO only provides the analytics and the credit bureaus (experian, transunion, equifax) model the risk and then score independently.

I think my Experian score is typically lower than the other two.

[TheMoneyShot]

I believe that FICO only provides the analytics and the credit bureaus (experian, transunion, equifax) model the risk and then score independently.

I think my Experian score is typically lower than the other two.

Thanks for the post The way it seems.... FICO digs way too deep. I don't even know what the heck their doing? Then you hear more CC companies are going FICO route to get approved? Who came up with this FICO garbage?

[gauchojake]

Thanks for the post The way it seems.... FICO digs way too deep. I don't even know what the heck their doing? Then you hear more CC companies are going FICO route to get approved? Who came up with this FICO garbage?

Yeah, it's kind of confusing because the Experian name is most associated with FICO scores yet the Fair Isaacs company (FICO) created the FICO score and provides the analytics to all three agencies. But Experian always seems to be my lowest score. Luckily for a mortgage they use the median score so that's the only one I really care about. Car dealers and lenders use a completely different scoring method to determine the risk for a car lease/purchase. I'm sure there's a good amount of info on Reddit in the personal finance sub.