Tony Banks asked: You have a credit score with the three main bureaus, Equifax, Transunion and Experian. Each bureau has come up with their own version of the credit scoring formula which is unknown to the public.This creates a situation where your three scores are highly unlikely to be the same. The credit score that [...]
Anirban Bhattacharya asked: Credit Reporting and scoring – History and TipsYour ability to manage credit is an important factor in determining if you will repay your mortgage loan. How does the lender decide if you are a good credit risk? During the loan application process, the lender will obtain a credit report on you and [...]
K.C. asked: I know that the credit bureaus have diffrent scoring systems but why is there such a diffrence betwwen the three…..Transunion is usally my highest at 645…Experian at 630…..Equifax at 592….my Equifax credit score has stayed put for some time now while the others keep going up—- does anyone know why and how can [...]
Geoff Hibbert asked: A credit report is a history of your payments, not just a snapshot of where you are at the moment, says Maxine Sweet, vice president of public affairs for Experian, one of the three major credit reporting agencies.A credit report is a crucial document that reflects your credit status. A credit report [...]