Does anyone know if a lender such as a car dealer gets a different report than the consumer. For example is it possible to different info on a credit report from the same CRA??? I think the CRA's give out different info to the consumer and the lender
Actually I am working on qualifying for a mortgage, and the broker is a good friend of mine. She pulled the reports and the entries on mine, matched exactly with the reports I received from the CRA
Hey Hal, do you think you could have her give you your Beacon score? Then you could compare it to Scorepower and see if it's the same? I think this is a question we'd all like to know the answer to.
I dont understand. The Equifax score is the beacon score right? The score given at powerscore is the the equifax score b/c it is offered at the equifax website right? When you apply for a mortgage, they give you three scores right? The EQ score would be the Beacon. Right? roni
The score power is your Beacon score generated from Fair Isaac. And since everyone I spoken to has gotten the same exact score, they are accurate as far as I can tell.
The score power is your Beacon score generated from Fair Isaac. And since everyone I spoken to has gotten the same exact score, they are accurate as far as I can tell.
Sorry for double post. I have spoken with Fair Isaac (another matter), but the score power is your Beacon from Equifax, when lenders/creditors pull your score they get the same beacon score you get.
Yeah the Equifax score is the Beacon score Roni. The problem I have is with different scores. My friend is a business subscriber and has had a different score than the Scorepower score all four times we checked, always lower. Check out this site https://www.eport.equifax.com/ Thats the site my friend subscribes to.
Did he check these immediately from one source to the next?? I have seen scores change in a matter of a few days, depending on what day of the month it's pulled.
Thanks for the info I am quite sure the consumer report may be different than a lender report. If this is the case does the FCRA protect the consumer in these regards?
I have seen a lenders report (probably the cheapest lender's report they can buy) that matched my personal report line for line. Of course it had a Beacon score and utilization percentages calculated, etc... But lenders can buy different "levels" of lenders reports, some simple and some very sophisticated. It depends on how much money they want to spend. I have ALWAYS wondered if the really expensive reports show accounts that were deleted along with other info we don't see. I know for a fact that Transunion keeps "hard delete" items in their database for several months even though it doesn't show on the consumer report. Marci
