Credit Score & Differences

**Illini** · 03.02.2002, 18:51

I have a question concerning credit scores and the differences between the different CRAs. Why do they vary so much? The number from which CRA is most significant?

Illini
EX - 605
EQ - 630
TU - 683

**Christi** · 03.02.2002, 18:57

Equifax is the only "real" fico score, so it would be most important. However we usually like the other 2 better :)

**Ozzyburger** · 03.02.2002, 19:02

Another reason may be the different scales - the high scores possible range from 820 (Experian) to 850 (Equifax) to 934 (TU).

At one point my 3 reports were within 4 points of each other (until the Citi/Sears issues....<grrrr>)...

Some companies don't report to all 3 cras which could impact your scores too... plus, since no one really seems to have figured out the supposed logic behind scoring, there's George's RANDOM NUMBER GENERATOR theory, which could explain the variations in scores.

Ozzy.

**GEORGE** · 03.02.2002, 19:05

RANDOM NUMBER GENERATOR theory...(FACT)!!!

How can someone have COLLECTIONS REMOVED and lose points???
How can I pay $30,000+ and LOSE points???

ng · 03.02.2002, 19:12

I donated 44 pts to someone

**Illini** · 03.02.2002, 19:15

I have a few late pays. Do these count as less points deducted as time goes on? Just wondering because I went from 598 in Dec to 683 today.

**Ozzyburger** · 03.02.2002, 19:15

Originally posted by ng
I donated 44 pts to someone

Those donated points should be tax deductible... or something......<sigh>

Ozzy.

**Illini** · 03.03.2002, 08:04

Does anybody know what the factor are that go into the score and how they are derived?

**steve** · 03.03.2002, 08:18

I think the factors are payment record, length of history, total amt. of debt, mix of different types of credit, and number of inquiries. I forgot the actual percentage breakdown, but I think payment record and length of history make up a big chunk. Of course, all these factors are subject to bizarre variations based on individual profiles.