I just pulled a merged CR from creditreport.com. In the past I've used Truecredit.com but thought I'd try another site just to see if there was any difference. At the end of the report I also got my 3 scores . There was a 4th score called a Consolidated score and it was at least a 100 points less than the lowest score from the CRA. I've tried to figure out if this is another CRA...or if it's an average of the 3 other scores(which it isn't). Does anyone know what Consolidated is? Thanks in advance!
It might be a score calculated from merging the data from the three reports, removing duplicates. If there were negatives on each report that were not on other reports, but the positives were similar, this might mathematically result in a lower score on any report that included all of the negatives. Having said that, are the scores you are referring to actually FICO, or some other score? You can only compare apples and apples.
Hi! I'm assuming that they are FICO. I was suprised to see how high my Equifax and Experian scores were (748 and 764) while my Transunion which is usually my highest score was 676. The Consolidated score was 660. Maybe these are not FICO scores huh? I have no derogatory items on my reports. My number of open accounts is too high and my cc usage is about 75 percent.
Number of open accounts is probably not hurting you (you can't fully trust automatically generated "suggestions"), but 75% debt to credit limit probably is. If you close accounts, you will make it worse, lowering your scores more. Is your number of open accounts or the total of your credit limits higher on the low score report? Is your debt to total credit limit worse on the low score report? Are there more hard inquiries on the low score report? You may look like you are carrying a lot of debt, and actively looking to borrow more: i.e.: getting into debt trouble.
The 3 reports are virtually identical as far as the accounts etc. The only difference is a public record of ch 13 still shows on TU(676 score). The other 2 CRA dropped the ch 13 after 6 years. I suppose it will help when the TU hits 10 years in 2008 *LOL* I am in the process of paying off my CC debt . I have 6 cards and I'm going to keep all of them open(for length of credit history) but only continue to use the 2 that have 9 percent interest rates. I'll be careful to not let them get over the 25 percent usage point too!
