Key Differences Between Equifax, Experian and TransUnion Credit Reports

Key Differences Between Equifax, Experian and TransUnion Credit Reports

If you’ve ever pulled your credit files from each of the three major credit bureaus and tried to compare them, you know that certain information in your credit records likely to be different.

But did you also realize that the manner in which the credit bureaus present your credit data is also likely to differ substantially?

Here are some highlights of the differences between each credit bureau’s reports – and how that information can help you to both better understand and improve your credit rating.

Learn more in my article with the same title on my blog:

Key Differences Between Equifax, Experian and TransUnion Credit Reports

The value of Obtaining Great transunion credit score scale

The value of Obtaining Great transunion credit score scale

Nowadays, we all have turn into dependent upon credit history. They will use credit but not only for purchasing just about any house or fresh motor vehicle however for shopping for tiny problems. Prior to a financial lock up, it absolutely was very easy if you are to have mortgage loan, house loan as well as other style of credit rating. The good news is, scenario has changed considerably. There are various limitations as well as a person needs to satisfy many of the criteria so you can get financial loan at a lender.

What’s important how the financial institutions verify even though allowing personal loan to a person is her credit history which is calculated because of the experian credit score scale in addition to transunion credit score scale. Your credit rating is usually a scores which in turn demonstrates the finance value of a human being. The businesses, banks and banks utilize the credit score scale to recognise draught beer an individual to settle the total he or she provides coppied. A person where credit score scale displays good credit score can be considered match to offer the credit. Knowledge much less limits on the financial loan and can be forced to pay decrease rates of interest. Conversely, an individual who offers small credit score will have challenges in getting the financial loan. He can in addition have a lot of limits and mortgage rates.

Within the credit score scale plus transunion credit score scale, if an individual lots 700 or maybe more than Seven hundred as opposed considered to be a great credit history. You’re not this type of beneficial report can have no worries in establishing credit and that also at the small rate. Before your credit standing connected with 620 has been regarded as being a superb credit score however that rating is known as poor. A person where credit score inside the credit score scale can be in between 450 as well as 650 should test tough to get a loan mainly because it isn’t going to be all to easy to tell lenders.

In case your person’s credit ratings can be fewer than 400, the real key have a lots of challenge to get safe-guarding any sort of credit rating. He can should raise his credit worthiness to become allowed to acquire credit. To increase the credit score, a person might bring some help from several nonprofit firms exactly who assist in restoring a new person’s credit worthiness in addition to shows solutions to are more dependable whilst having economic choices.

You’ll find several credit scoring offices within United states of america that your man or woman may well make contact with to get buying their particular credit history and perhaps they are Equifax, Experian and TransUnion. This experian credit score scale as well as transunion credit score scale never evaluate the person’s credit worthiness just as.

The credit rating data on the experian credit score scale as well as transunion credit score scale are developed in the latest way, whilst they depend on the particular Credit scoring product. This Experian credit worthiness stages via 330 for you to 830 as opposed to a TransUnion credit ratings degrees by 301 to help 850. The experian credit score scale employs As well as credit score credit rating program as opposed to TransUnion makes use of the typical reviewing technique regarding Credit, also referred to as EMPIRICA.

Latest Transunion News

TransUnion (TRU) planned to Post profits on Tuesday
TransUnion logo TransUnion (NYSE:TRU) will undoubtedly be releasing its Q116 earnings data on Tuesday, April 26th. Analysts anticipate TransUnion to post profits of $ 0.26 per share and revenue of $ 378.99 million for the quarter. TransUnion has set its Q1 assistance at …
Find out more on The Vista Voice

Stifel Nicolaus Gives TransUnion Price Target With Potential 14.01percent Upside
Stifel Nicolaus provided the share price of TransUnion an amount target of 31 indicating the agent needs a possible upside of 14.01percent from TransUnion's current market price of 27.19. TransUnion has 182,384,000 shares outstanding at present that are …
Read more on FTSE News

Share Efficiency and Target Cost Evaluation TransUnion (NYSE:TRU)
Throughout the latest trading session, stocks of TransUnion (NYSE:TRU) ended up with a move of -0.73%. Sell-side experts have given a consensus target price of $ 31.90 on company shares. Target price forecasts may differ considerably from analyst to …
Read more on B.O.D.Y Confidential

TransUnion Reports Third Quarter 2015 Results

TransUnion Reports Third Quarter 2015 Results
Total revenue was $ 389 million, an increase of 15 percent (18 percent on a local currency basis) compared with the third quarter of 2014. The net loss attributable to TransUnion was $ 4 million compared with a net loss attributable to TransUnion of $ 3 …
Read more on MarketWatch

TransUnion (NYSE:TRU) Had Its Price Objective Increased by Analysts at
In analysts note issued to clients and investors by Deutsche Bank on 28 October, TransUnion (NYSE:TRU) had its TP upped to $ 30.00. The firm right now has “Buy” rating on the stock. The target increase is welcomed by stock speculators, as NYSE:TRU is …

TransUnion Rating Lowered to Hold at Zacks (TRU)
TransUnion logo TransUnion (NYSE:TRU) was downgraded by Zacks from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Market Beat reports. According to Zacks, “TransUnion offers risk and information solutions primarily in the …
Read more on Voice Chronicle

TransUnion Testing: Leasing Applicant Possibility Profile Might Plateauing While

TransUnion Research: Rental Applicant Danger Profile Could Be Plateauing While
"While rental candidate risk amounts enhanced greatly in 2014, we're witnessing a slowdown into the amount of enhancement during first 50 % of 2015, especially in outlying areas," said Michael Doherty, senior vice-president of TransUnion's rental evaluating …
Read more on MarketWatch

Company Shares of TransUnion (NYSE:TRU) Drops by -3.52%
TransUnion (NYSE:TRU) features lost 3.52per cent during the past few days and dropped 2.8percent in the last 4 weeks. The stocks are however, unfavorable in comparison with the S&P 500 when it comes to previous week with a loss of 4.51percent. TransUnion (NYSE:TRU) has underperformed the …
Read more on American Trade Journal

Business Shares of TransUnion (NYSE:TRU) Rally 1.38%
Stocks of TransUnion (NYSE:TRU) valued by 1.38% in the past few days but lost 2.5per cent on a 4-week foundation. The stocks are however, bad when compared with the S&P 500 when it comes to previous week with a loss of 1.82percent. TransUnion (NYSE:TRU) has …
Find out more on OTC Outlook

Latest Transunion News

TransUnion planning to seek as much as 0 million in IPO
(Bloomberg) — TransUnion, which provides credit information to businesses and consumers, plans to raise as much as $ 800 million in an initial public offering this year, people with knowledge of the matter said. The Chicago-based company is working …
Read more on Crain’s Chicago Business

TransUnion revives IPO, eyes listing this year: sources
NEW YORK, Feb 10 (IFR) – TransUnion Corp, one of the largest credit bureaus in the US, has revived plans for an IPO that could raise up to US$ 1bn this year, sources told IFR on Tuesday. Advent International and GS Capital Partners, which bought the …
Read more on Reuters

TransUnion's App Now Allows You to Lock and Unlock Your Credit From Your
NEW YORK (MainStreet) — Freezing your credit is easier than ever with TransUnion. In the past, you would have to call up three agencies, verify your identity and do a little bit of paperwork. Now, with TransUnion's new app feature, it's as simple as …
Read more on MainStreet

TransUnion – “Dive In”

When you come to TransUnion, something special happens. You get in The Know. Come to to get in The Know. Visit Us Here: Contact Us Here: …

Get the inside story, on TransUnion and how exactly to go about getting your free credit report. This is one of the big three credit bureaus, and they collec…

Newest Transunion News

Fieldview Solutions' Computer Software Helps Transunion Build New Data Center To
TransUnion is depending on FieldView's power to determine overheating or overcooling areas as well as identifying probably the most efficient keeping IT possessions. Through these attempts, the brand new information center will eat much less energy, reduce the facility's …
Read more on Company Solutions Mag

TransUnion Announces The New Brand Platform — Information for Good
CHICAGO, IL–(Marketwired – January 06, 2015) – TransUnion these days revealed a fresh brand name identity platform and logo design, reflecting the company's focus and capabilities as an information answer supplier for consumers and businesses. The latest marketing marks …
Read more on Digital Journal


Question by nikkiv28: Transunion?
I am trying to go onto transunion on get my report and score, but when i log onto it, and try to buy it, it is adding on experian and equifax also, i dont need them i already got them from the other sites. I only want transunion..any help?

Best answer:

Answer by Max Messner
Check out my source link for more details on myFICO services, which offers you your score and report from TransUnion for $ 15.95.

On my source link, check out the FICO Standard Plan, which gives you your score and report from your choice of the 3 major credit bureaus, and then choose to receive your info from TransUnion.

Hope this helps.

Give your answer to this question below!

Is Transunion the only credit bureau that matters?

Question by darko_d1: Is Transunion the only credit bureau that matters?
Seriously, about a little more than 100% of all important business check your credit report from transunion. Whats the point of the other Experian and Equifax? I looked at all 3 reports and all inquiries were on transunion.

Best answer:

Answer by Casey C
It actually depends on which part of the country you are in. There was a time when these companies were region specific and were independant of each other. In my part of the country, Equifax provides the majority of accurate information when I pull someone’s credit. Also, lenders now utilize all 3 bureaus to get a median score for you.I would guess that you are in the middle of the US somewhere if Transunion seems to get pulled more.These companies have done business with one bureau for a long time and the cost has remained low so they don’t bother to utilize other companies due to cost.

Add your own answer in the comments!

How do you pull Truecredit Transunion daily?

Question by Paul Huggies: How do you pull Truecredit Transunion daily?
I was told I was supposed to be able to pull Transunion daily, but I don’t see how. I canceled my Truecredit, and they told me that I was not utilizing the daily Transunion pull.

Best answer:

Answer by The Gooroo
I’m not sure, but there is one thing I tin tell you; cancel ASAP. Apparently Truecredit Transunion is a scam.

Add your own answer in the comments!

I have a high Transunion credit score. Does this mean that my other two scores will likely be good as well?

Question by Kim: I have a high Transunion credit score. Does this mean that my other two scores will likely be good as well?
I have a high Transunion credit score. Does this mean that my other two scores (Experian and Equifax)will likely be good as well?I am applying for a home loan real soon, and just want to make sure that my finances are in order before I do.

Best answer:

Answer by CatDad
These are all 3 freestanding companies with different scoring models.The underlying info in your credit reporting about your credit history is the key factor. If you have a very good history of using attributing wisely and paying on time, then all credit scores should be high. The FICO score is the most important score.

Know better? Leave your own answer in the comments!

Why do all three credit scores differ from Transunion to Experian?

Question by Robert: Why do all three credit scores differ from Transunion to Experian?
So, I went on to Transunion and pulled all three credit (Transunion, Experian and Equifax) and the did the same at Experian. On Experian the scores are 100 points lower. For example my Experian score on TU is 707 but on EX its 569. Shouldn’t their scores be the same no matter where you pull them from? Who do you believe?

Best answer:

Answer by rick29148
You have to remember that the three are businesses & that they make their $ $ $ selling those numbers to their clients. So, they get the info from the businesses that buy their services. Most companies will subscribe to one of the credit reporting bureaus, but not all three – Just to much $ $ $ . So your score will vary between the three depending on where the guys you owe $ $ $ to report you to.

Give your answer to this question below!

How accurate is the estimated date for removal on my Transunion report?

Question by Jen M: How accurate is the estimated date for removal on my Transunion report?
I have 2 negative items on my credit report. The first is an old hollywood video account, which according to my Transunion report, the estimated date for removal is June 2009, the estimated date for removal on the other account is March 2009 (this month) In your experience, how accurate are those removal dates?

Best answer:

Answer by Sgt Big Red
If those are the dates being reported by Transunion, then they are accurate.Negative items are dropped from all credit reports in accordance with the Fair Credit Reporting Act which states the following:”A bad debt can stay on your report for seven years. Because most wait six months to charge off a debt, that winds up being seven years and six months after the first delinquency. The clock starts when the original account goes into collections (internal or a third party) or is charged off (which ever is earlier), according to the FDCPA. Even if the debt is sold and resold to third party collectors, it still has to come off your credit report when the original debt reaches it’s expiration date.”This is as written under Running of Reporting Period – Section 605 [15 U.S.C. § 1681c]Hope this helps answer your question.

Know better? Leave your own answer in the comments!

Whats the difference between Equifax, Experian and TransUnion? Which one is the best?

Question by ..:..JuicyTX..:..: Whats the difference between Equifax, Experian and TransUnion? Which one is the best?
Equifax, Experian and TransUnion! Whats the diffrence between these 3? Which one is the biggest or the best to contact when you need to report you cards stolen or fraud?

Best answer:

Answer by Rick B
Different regions of the country use one over the others. Different companies as well.You would contact all three.

Know better? Leave your own answer in the comments!