3 Credit BureausCredit bureaus 3
There is a FICO rating system in each of these credit bureaus, from which creditors require a FICO® rating when assessing the credit exposure of a particular customer. FICO system designs are similar in all credit bureaus, so high FICO scores on Office A office scores are likely to see similar FICO scores in the other two offices.
On the other hand, lower FICO values in office "A" are likely to result in lower FICO values in the other two offices if the basic office information is the same. If the results are significantly different between the offices, it is likely that the basic information in the credit bureaus is different and thus affects the scoring differences that have been noticed.
There may, however, be a difference in the number of points, even if the basic information is the same, as each of the office's FICO scanning systems is developed to optimise the forecasting value of its own unparalleled information. Note the following points when you compare the results in the offices: All credit score are not "FICO" creditores.
So make sure that the credit values you are benchmarking are real FICO scores. You should access the FICO scores at the same times. Timing can lead to scoring discrepancies due to features of the models that have a time-dependent part. The comparison of a FICO scored on office "A" last weekend with a scored on office "B" today can be difficult as the "one-week score" may already be "out of date".
Your credit information may not be shared with all three credit bureaus. Information on your credit reports is provided by creditors, debt collectors and judicial authorities. Don't suppose that every credit agency has the same information concerning your credit histories. It is possible that you have requested credit under different name ( e.g. Robert Jones versus Bob Jones) or girl's name, which can lead to fragmentary or partial data at the credit bureaus.
While in most cases the credit bureaus group all credit information under exactly the same name, there are many cases where partial credit information or imprecise information (social insurance numbers, address details, etc.) causes one person's credit information to appear on another person's credit history. Creditors provide credit information to credit bureaus at different intervals, often resulting in one credit bureau having more up-to-date information than another.
Credit bureaus may collect, view or save the same information in different ways.