I have a chp 7 bk filed in Mar 2001. My credit reports are all showing 0 balances on 4 accounts filed and are correctly listed as included in bk. I had perfect credit for 10 years prior with 7 good closed accounts that are reported correctly. I am listed as an AU on an account with a 0 balance, 9,000 limit, and no lates which I figured was helping my scores from being too devastated. Scores: Experian (Credit Expert) 643 today! TranUnion - 647 a few weeks ago Equifax - 617 2 weeks ago I have just started rebuilding with a Cap One Secured in Oct and just got approved for an Orchard Bank card. Don't know the CL yet. Today I stroll into a credit union to get a secured installment loan for 1,000. My credit report was checked, Experian, and she shows me a score of 510! I told her that my reports showed me scores in the 600's. She stated "you could never have a score in the 600's this close to your bankruptcy." SO if the bank is showing a 510, and my reports give me scores in the 600's...why such a huge discrepancy? I could understand some discrepancy but this one is pretty huge! Are these scores we are getting worthless? I got the loan anyway as it is secured with the savings account I opened, but why do they bother dinging my report with an inquiry if they give the loan anyway? Doesn't make sense.
Mine are VERY close to the scores I am getting. We had a mortgage loan app pulled today, and all three are within 10 points. BTW all the scores (the REAL ones are HIGHER)
Well, I am totally confused as well. I got a score from PrivacyGuard that says it is based on my experian credit bureau record. It gives me a score of 569 but credit expert says only 522! I guess the only way to truly find out is to have a mortgage broker pull one for you. This is absolutely crazy!!!
