I applied for a mortgage yesterday and broker told me all three "real" scores!!! To no surprise EQ was dead on equalt to what I had pulled earlier in the day on CreditWatch. BUT.... EXP/TU were WAY off (EXP worse than TU)!!! (as many have already posted) ***************************************** EXP Consumer Version: 659 -vs- REAL EXP: 711 !!!! TU Consumer Version: 712 -vs- REAL TU: 730 Glad they are HIGHER in reality, at least!
Good observation...However, from what I understand (and I could be wrong), the scores YOU see on EXP and TU are reflected as a general score (on CreditWatch, for example). Whereas the scores your lender saw relate directly to a mortage loan. If that is indeed true, then it's quite possible that a credit card company or automobile lender would pull up a different TU or EXP score...more related to your history with those type of companies. I would be interested to see if anyone else has confirmation or "dubunking" of what I have heard?
Yup, the scores do differ because each lender may have their own algorithim or model and just uses your score as a guideline. My dh applied for a loan last month and when we checked EQ, his score was 752. Not bad. But then when we went to the bank, they had his score as 802. Now THAT wasn't bad at all. We asked the loan officer why it was different and it's because they use their own scoring model that takes different factors into account.
I would agree with your theory. It just seemed odd to me that if that is the case, the EQ score matched exactly with the EQ score I got online. It seems to me that all three would be "mortgage-based" not just EX and TU. I'm certainly not the expert here though!
