credit report america scam
credit report america scam
Why are my Equifax scores different from different credit monitoring services?
I signed up for www.myfico.com, Bank of America’s privacy assist, and www.privacymatters123.com today within 1/2 an hour of each other. They are all showing different Equifax scores varying by about 25 points. Why is there a difference and which monitoring company should I trust is reporting the correct score? I know they change day to day and I know they only report a snapshot score that will not immediately update, but this information was obtained within 30 minutes. Is one company more accurate than another or are these monitoring companies just a scam?
There are 3 different credit monitoring companies. Trans Union, Equifax, and Experian. Different Banks and Lenders report to these companies on a regional basis. For example, in California, most of the transaction done by one is reported on Experian so odds are your experian score will be higher if you reside there. In Texas, Transunion and Equifax are the main reporting companies that most Lenders and Banks use. Also not all transactional activities are reported to the three companies. When you make a car payment, it might get reported to transunion only. It really depends on what region of the U.S. one resides and which credit bureau does the particular bank report to.
