Chase which is based on Vantage score shows 800 score, Amex based on Experian FICO shows 725... BUT... BofA based on Tranunion FICO is lingering around 680. What the hell! Anything one can do about it? Super clean credit usage since last 4 years.
More history. Lower average % utilization. Just no history before 4 years or some crap that needs to age off? Also idk if anyone pulls vantage for credit check
Try out Credit Karma, they’ll show you the Vantage 3.0 score for both Transunion and Equifax. It’s free. Not trying to sell you anything (I’m just an engineer), just a good resource for gathering data about your own credit report ^_^
Okay so you actually have roughly 50 different credit scores. There are three major credit bureaus, TransUnion, Experian, and Equifax. They each hold slightly different info about you. One of the major differences between the data hold in each credit bureau is the number of inquiries. Banks typically only do an inquiry against one credit bureau, not all three. Some accounts and some collections may show up on only one or two credit bureaus. Some credit bureaus may take longer than others to update with your latest balances. So that’s why the data is different. Then to analyse the data and get a score, There are two main groups of models used. FICO, and VantangeScore. These are owned by different companies. FICO has several different versions used, and within each version, different industry specific scores (general, mortgage, car loan, and credit card) FICO 8 is the most important one usually. FICO 2 is used for mortgages (despite being very old) (median Fico 2 score across all three credit bureaus is used) FICO 3 auto is sometimes used for car loans. VantageScore is rarely used for lending. It is sometimes (soft) pulled each month by some banks to decide if they want to give you a credit limit increase, or sometimes (lending club used to do this I believe) pulled first, before using FICO, when applying for credit. If I understand correctly, this is because FICO costs more to use than VantageScore.
680 it is.
😭