Asked by rhickman715  |  Submitted January 17, 2017

My credit scores are not the same. Why?

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  Answers  |  1

January 17, 2017

Credit scores pulled by different vendors can vary for a variety of reasons. Your score could have changed since the other source last updated what it displays, among other things. We, of course, can't speak to how another company calculates the information they give you. Our system uses the Vantage 3.0 method to calculate your score. This system was first introduced in 2006 and was developed by the 3 leading credit bureaus, Experian, TransUnion and Equifax, Most consumers don't realize that you actually have more than one credit score, and most lenders or creditors will pull approximately 3 scores and then use the average of those 3 numbers to determine your eligibility to borrow.

You can learn more about the Vantage system here if you'd like to know more about it.

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