Three Credit Reports Three Scores
Why do I have three different credit scores from the credit facility reporting agencies?
I am currently monitoring my credit report from the three Credit bureaus. I filed bankruptcy nearly two years and I currently have no credit on each of the four credit cards and I've never been late on a payment to them. I watch my credit report with Experian and I now have a 620 credit score. With Experian I had a steady increase in my credit score, since I saw my bankruptcy. With the two other agencies, I have not seen much of a change. Experian and Trans Union is at 550 is at 505th I checked my report with all 3 offices and they all have the same information. Can someone tell me why there is such a difference in the three credit scores? As of now I have $ 100 credit. I pay my bills on time and everything I've read a discharged bankrupt two years ago, my credit should again have about 650 -670 range. Am I missing something?
The reason You have three different credit scores is because each of the offices are independent of each other and have very different scoring systems. In my 4 + years I have only seen someone have the same result from two of the office once. Not all worried about this among themselves. What you should be working (and it sounds like you want to) increase your credit score. With the scores you have now, you are in the bottom 10-15% of the population. But do not worry! It's fairly easy to increase your scores dramatically, and within a reasonably short amount of time. # 1: Keep each type of account on your reports. Your office is in the following: a) Mortgage, b) Installment (subdivided as auto, student and Personal loans) and c) Revolving (credit cards). A: If you are not a homeowner, or do not think, you for a purchase, look into a lease option to purchase to qualify. This allows you to put your foot in the door to come home ownership. B: cash for your vehicles you will harm the long term. If you do not qualify you to receive a Co-Signer … At least you are building your credit card! *** C: REVOLVING ACCOUNTS *** The reason I am with this, because that's where the vast majority of my clients with low scores have fallen short, and the easiest to fix! 1st Never pay late pretty self second Close Do not all your cards! A HUGE misconception is that you benefit if you pay off and close all your accounts. On the contrary, this is really really hurts your credit card. Remember, in this way … You have this long standing accounts with good payment history had, and suddenly they're gone! It is basically like a heart attack on your credit report! Connect a couple of accounts that has not been used for a while, okay-start with accounts that are less available credit limits and huge interest rates such as camp have cards (Sears, Old Navy, etc). 3rd Remember the "50% rule". Put simply, not more than 50% of the available Credit go. It does not matter whether you are a limit of $ 1,000 or 10,000 … Keep it under the item 1/2way. People who will not follow this scores see a drastic Decline in their presence, even if they pay on time every four months!. Finally, with your credit card! Charge dinner, gas, food, whatever … and pay off when the bill comes. You want to month a conscious effort to keep your credit open and active each. I hope this helps! It takes time and effort, but one could see your scores reach prime level (above 685) within one years time! 
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