Suzanne Kvilhaug. Click “ View Your Credit Score ”. O. A credit report dispute is when you ask Equifax to investigate information on your credit report that seems inaccurate or incorrect to you. So, that's at. It’s impossible to say which credit reporting agency, TransUnion, Experian, or Equifax, is more accurate since all three agencies use similar methods to collect and report credit information, but may differ in their scoring models and data sources. Their behavior is governed by the FCRA. Equifax classifies a good credit score as 660 or higher, while TransUnion classifies a good credit score as 650 or higher. Which is more accurate Experian or Equifax?As you'll see in more detail below, a score of 700 on the FICO ® scoring range, which spans 300 to 850, indicates "good credit" and would likely make you eligible for a variety of loan offers. Equifax Canada Tel: 1. In the long run it may be more effective to. The Experian App is very accurate, at least for seeing what your true score is for most lending decisions. We encourage you to call the VA at (877)-881-7618 if you have outstanding medical debt that you think is the responsibility of the VA, and the staff will work with you to find a resolution. Currently, TransUnion does not have a price-earnings ratio. Remember, no one has just one credit score, because financial institutions use more than one scoring method. A good score with TransUnion and VantageScore® 3. Although your scores in the two credit scoring models should be similar, it makes sense to check the score lenders are more likely to use. 70% of U. Daily access to Equifax credit score. It is a useful tool for monitoring credit before major. However, some consumers may perceive one bureau to be more accurate than the other based on their personal experiences or data discrepancies. 0/5: 4. The three credit agencies collect and house the information that helps potential lenders or employers rate your reliability. GET STARTED. 0 and VantageScore 4. Experian uses the VantageScore and FICO scoring models like the other credit bureaus. 2 scoring model development companies: FICO, Vantage. It’s impossible to say which credit reporting agency, TransUnion, Experian, or Equifax, is more accurate since all three agencies use similar methods to collect and report credit information, but may differ in their scoring models and data sources. Both companies collect credit information on individual consumers, which they sell to lenders and. Experian Credit Reporting and TransUnion Credit Reporting are very close in quality and have the same overall rating. 5/5 ( 64 votes ) There are three different credit bureaus a landlord may use to run a credit check -- Equifax, Experian and TransUnion. I will update these charts on a monthly basis and make notes of any. Credit and debt analysis personalized to your situation. This model was released in 2013 and offers greater consistency to fit today’s fast-paced society. With some work, you may be able to reach (and even exceed) that score range, which could mean access to a greater range of credit and loans, at better interest rates. Credit bureaus must remove your name from marketing lists if you ask. One of the scoring models that TransUnion uses to calculate credit scores is VantageScore® 3. Of these complaints, more than 700,000 were submitted about Equifax, Experian, or TransUnion. But in reality, nearly 50 companies appear on the Consumer Financial Protection Bureau’s list of consumer reporting companies. Those are TransUnion, Equifax and Experian. There are three credit agencies: TransUnion, Equifax, and Experian. Experian, Equifax, and TransUnion each offer credit monitoring services. regulator on Tuesday ordered credit reporting agencies TransUnion <TRU. The Equifax credit score model uses a numerical range between 280 and 850, and FICO score models use a range between 300 and 850. Is TransUnion or Equifax More Accurate? Both Equifax and TransUnion are well-established, reputable credit bureaus that provide accurate and reliable information to lenders and consumers alike. 000 in identity theft insurance. More information about Experian’s dispute process and dispute form. TransUnion is bringing up the rear among the three. The TransUnion Auto Score, an industry-specific risk score, offers more accurate predictions on non-prime and sub-prime applicants. 2 million in fines and restitution for deceiving consumers about the. The most accurate credit scores are the latest versions of the FICO Score and VantageScore credit-scoring models: FICO Score 8 and VantageScore 3. To dispute ID theft-related errors, follow these steps: Place a fraud alert: Contact one of the three credit bureaus (TransUnion, Experian, or Equifax) to place a fraud alert on your credit report. Equifax phone number: 1-888-548-7878. Cancel at any time, no partial month refunds. The 3 major credit reporting agencies. N> and Equifax Inc <EFX. Alternatively, Equifax is better for obtaining a detailed credit history and for evaluating overall financial standing. This company weighs your payment history and credit age more so than the other two credit bureaus. Three things to know about credit report disputes. Fee Details. Credit reports contain information about people’s identity, credit history and credit activity as well as information from public records. A score of 690 to 719 is considered good credit. Unlike with FICO where a good credit score is 670, VantageScore requires between 720 and 780. Neither score is more or less accurate than the other; they’re only being calculated from slightly differing sources. These scores may not match up exactly with credit scores based on the FICO® Score 8 credit-scoring model, but they rely on many similar factors. Create or sign into your free MyEquifax account to file a credit dispute on your Equifax account. A score in the 700s and above is generally considered good, while a score below 600 is considered poor. It's possible that a lender may gravitate toward one score over another, but that doesn't necessarily mean that score is better. Source: By these. Just look for "Equifax Credit Report" on your myEquifax dashboard. If the information on your credit report is found to be inaccurate or incomplete, your credit report will be updated, generally within about 30 days. Is Equifax or TransUnion more accurate? Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. The actual service level is comparable with Equifax, but the subscription price is $10 per month lower than Equifax. Although Experian is the largest credit bureau in the U. Equifax and TransUnion scores can only be as accurate as the information they receive. Score: 4. Both FICO and VantageScore assign higher credit scores to consumers deemed as lower-risk borrowers, and both currently range from 300 to 850. In the past, I have seen the same thing happen, but the month after TransUnion was back at the level it was. Regular checks ensure the information stays accurate. Takedown request. Dispute directly with the company that reported the information to TransUnion. The Bottom Line. How Accurate is Your Credit Karma Score? Your Credit Karma score, which is generated using the VantageScore model and data from TransUnion and Equifax, is updated every week, so it should be accurate. Learn more below about what a charge-off is and how it may impact your. You should regularly review things on your credit report, such as personal information, credit accounts, collections, bankruptcies, and credit inquiries. There are many reasons why the numbers between Equifax and Transunion may differ so much. ”. Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. The VantageScore was developed by the big three credit bureaus (Experian, TransUnion, and Equifax). Up to $50,000 in identity theft insurance (exclusions apply for Quebec residents) Access to identity restoration specialists if fraud/theft occurs. A CFPB investigation concluded that Transunion and Equifax deceived Americans about the reports they provided and the fees they charged. As part of the settlement from the Equifax data breach in 2017, everyone in the U. . Currently, no one credit bureau is considered to be more accurate than the other. 3%. A credit reporting agency collects information about consumers’ credit and financial history. Each score can be different depending on various factors, such as scoring models, information sources, and time periods. Equifax collects more comprehensive and in-depth credit history data from various sources, while TransUnion focuses more on current and ongoing credit activity. TransUnion: Is One More Accurate? The short answer is no; a credit bureau’s credit score is valuable and as accurate as another. They more accurately reflect my credit card balances and student loan issues. The FCRA gives individuals the right to see their own credit report. Equifax provides you with an overall credit score, expressed as a number between 0-1000. Which one is more accurate TransUnion or Equifax? Equifax: Which is most accurate? No credit score from any one of the credit bureaus is more valuable or more accurate than another. Keeping in mind the reasons above, double-check you TransUnion and Equifax credit reports to make sure there isn’t any incorrect information. Dun & Bradstreet, Equifax, and Experian also offer commercial credit. In both cases, higher. On its face, a credit score is merely a numerical representation of the data in your credit reports held by the three major credit bureaus, TransUnion, Experian, and Equifax. Your Equifax credit score is more likely to appear lower than your TransUnion one because of the reporting differences, but a “fair” score from TransUnion is typically “fair” across the board. Some people want to achieve a score of 850, the highest credit score possible. Equifax uses the Equifax Risk Score, while TransUnion uses the CreditVision Scoring model. Definition and Examples of the Fair and Accurate Transactions Act. Which is more accurate TransUnion or Equifax? Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. Based in. When people obtain their credit score through Transunion and Equifax, they are often surprised to see a different credit score from each bureau. We encourage you to call the VA at (877)-881-7618 if you have outstanding medical debt that you think is the responsibility of the VA, and the staff will work with you to find a resolution. A new analysis by the Consumer Financial Protection Bureau (CFPB) reveals how changes in complaint responses provided by nationwide consumer reporting companies resulted in fewer meaningful responses and less consumer relief. The NCRAs are providing more tailored complaint responses. 5/5: Report Details and Frequency: 3. 0® by Experian. As your score climbs through and above this range, you can benefit from the increased freedom and flexibility healthy credit brings. Introducing the new Experian Smart Money ™ Digital Checking Account, designed by credit experts. 3 credit reporting agencies: Equifax, Experian, TransUnion. Potential employers must get your written permission before accessing your credit reports. Credit Karma compiles its own accurate VantageScore based on that. Summary: It's common for your credit scores to differ from one credit bureau to the next. While Experian is the largest bureau in the U. Make a postal request with Equifax. Instead, we work with Equifax and TransUnion to provide. The Credit Carma app for Android and iOS provides alerts for any important changes to your credit report, and if you see any errors, you can file a dispute from the. Which credit report is most accurate? Although Experian is the largest credit bureau in the U. The only purpose of making it so difficult is to try and earn more money and take advantage of the consumer. ”Key takeaways. Free Credit Reports. Most people identify Equifax as a consumer credit bureau but are less familiar with our marketing services capabilities. The accuracy of credit reports varies based on which. Most Important Credit Score for an Auto Loan. There isn’t one “more accurate” report. To get a complete view of your credit report, you need to check all three credit reports offered by the major credit bureaus. FICO ® Score 5 is the Equifax version of the "classic" FICO ® Score. However, determining which one is more accurate is not a straightforward answer, as it depends on various factors. Both companies collect credit information on individual consumers, which they sell to lenders and. 95/month for one adult. It's possible that a lender may gravitate toward one score over another, but that doesn't necessarily mean that score is better. FICO, which is a U. You can get a free copy of your Equifax credit report to. Equifax and TransUnion. Blueprint is an. Review your credit reports. The most accurate report in any individual case is the one that has the most complete information. TransUnion provides the VantageScore 3. The three major credit bureaus are Equifax®, Experian® and TransUnion®. 95 per month, which makes monitoring your TransUnion credit score a little more expensive. Checking your TransUnion credit report can help you understand what lenders may see if they check your credit. Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. The three major credit bureaus Equifax®, TransUnion®, and Experian® own VantageScore, and it was created in 2006 to give more people access to a credit score. The three major credit bureaus—TransUnion ®, Experian ® and Equifax. com, or ACR for short, is a website that provides consumers with free access to all three of their credit reports. Equifax. 95 per month to $19. Industry-specific FICO® scores — including FICO® Auto Score 8 and FICO® Bankcard Score 8 — have a broader range of 250 to 900. 95 per month. When it comes to credit score accuracy, every bureau holds its own and maybe preferred by a lender. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. 95 per month and include daily credit updates, recommendations, credit locks, monthly tips and more. Of these complaints, more than 700,000 were submitted about Equifax, Experian, or TransUnion. As credit reporting agencies, they are governed by the Fair Credit Reporting Act (FCRA), a piece of legislation that governs credit bureaus, tenant screening services, and other consumer reporting agencies. Equifax and TransUnion are two of the most popular credit bureaus in Canada, and more and more people are seeking out their services as they go to apply for mortgages, loans, condo rentals, and. Learn more about the factors that affect your FICO score and how to get it for free. In Nate’s case, Credit Karma was accurate enough to say that he had an excellent credit score, but wasn’t perfect. According to the company, FICO® scores are used today by 90% of top lenders to make lending decisions. If you believe information on your Equifax credit report is inaccurate or incomplete, you can file a dispute. Is Equifax more important than TransUnion? Is TransUnion more important than Equifax? The short answer is no. Another difference is that the Equifax credit score is. Which is more accurate TransUnion or Equifax? Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. Equifax Inc currently has a 1. You’ll be presented with the TransUnion CreditView Dashboard that shows your TransUnion Credit Score, how you compare to. consumers submit complaints about negative but otherwise accurate information. Free trial includes all features;. TransUnion and Experian, on the other hand, use a “reactive credit reporting model. call 1-877-322-8228, or. Enjoy no monthly fees ¶, use eligible bills to raise your credit scores ø and more. Going into 2022, the minimum credit score needed to get approved for a mortgage is 640, though it would be more accurate to say that anywhere between 620. complete the Annual Credit Report Request Form and mail it to: Annual Credit Report Request Service. FALSE. Third, you'll get the results of the dispute. See your credit score now and stay on top of it with updates available daily. Find out the pros and cons of each credit bureau, and how to protect your credit report and score from fraud and identity theft. A good score with TransUnion and VantageScore® 3. Discover your credit potential with powerful tools like CreditCompass TM. LLC uses reasonable efforts to maintain accurate information on the site — and prior to applying for any credit card offers found on. Believe me, Equifax and TransUnion are the last two you don't want to mess with unless you are loaded with cash. What's more, your score of 660 is very close to the Good credit score range of 670-739. The Equifax credit score model uses a numerical range between 280 and 850, and FICO score models use a range between 300 and 850. Read more about Select on CNBC and on NBC News,. Welcome to North America! Lol . Despite being commonly used to report Canadians' credit scores, TransUnion comes up. TransUnion VantageScore 3. In reality, both scores are equally accurate as they have their own scoring system. As well as the credit score and rating, Equifax also produces a credit. Which is more accurate TransUnion or Equifax? Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. 0, which is used far less often. All plans offer access to. If a collection shows up on Experian, but not the other two bureaus, you Experian credit score will be lower than your TransUnion and Equifax scores. TransUnion uses an outside. You can also register for Equifax Core Credit for one free monthly credit check. 0 and VantageScore 4. It also provides links to downloadable forms. “Founded by Experian, Equifax, and TransUnion in 2006, our mission is to use data analytics to drive innovation and inclusion—giving consumers more credit access, and helping lenders make. Equifax is the second-largest credit reference agency, servicing users with credit reporting and identity protection. Since the information on your credit reports at each bureau can differ, your Equifax credit score and FICO score can differ depending on which credit report is used to calculate the score. FICO provides a single-number credit score, while major credit bureaus like Equifax, Experian, and TransUnion (not covered in this article) offer a more detailed look at an. Which is more accurate Experian or Equifax? 2 Experian has a slight edge over Equifax because it tends to track recent credit searches more thoroughly. You will need to provide copies of two pieces of acceptable identification, such as a driver's licence or passport. Atlanta, GA 30374. Understanding these distinctions can help individuals make informed decisions. Similarly, a good credit score under the FICO Score model falls between 670 and 739. For your convenience we have provided their addresses and telephone numbers below. TransUnion scores better than Equifax across: Plans and Pricing, Report Details and Frequency, Credit Bureau & Credit Scores, and Monitoring and Extra Features. Equifax is generally considered the most accurate, because it uses what’s called a “true credit reporting model. Spot identity theft early. , TransUnion and Equifax are widely considered to be just as accurate and important. TransUnion also has a premium product, called TransUnion Credit Monitoring, that allows you to lock your credit reports with both TransUnion and Equifax — but it costs $29. Next is how to file a dispute with Equifax. TransUnion is bringing up the rear among the three. Different Information Provided to Each Bureau. Soft inquiries typically are not visible to lenders on your credit report. , TransUnion and Equifax are widely considered to be just as accurate and important. It is also very popular. S. Image: Credit-Building-1. Which Credit Report is More Accurate, TransUnion or Equifax? First and foremost, it’s crucial to note that credit ratings are calculated using a variety of scoring methods, all of which by their very nature are subjective. 6 Their services allow you to monitor your VantageScore credit score but not your FICO score. 0. Credit Karma isn’t a credit bureau, which means we don’t determine your credit scores. However, there are a few issues with this. Equifax uses data dating back 81 months (almost seven years of your financial history), while TransUnion’s model takes into account just your past 24 months (two years). 287 per share for the current fiscal year. Credit score concerns accounted for slightly more than half of all complaints sent to the federal agency in 2020 and 2021, the nonprofit consumer advocacy group found. You can get free Equifax credit reports at annualcreditreport. A credit report is a summary of your credit history, including the types of credit accounts you’ve had, your payment history and certain other information such as your credit limits. ”. Which Credit Bureau is Most Accurate? Aside from reporting errors, neither TransUnion nor Equifax demonstrates better accuracy. Like Equifax and TransUnion, Experian collects data from a person’s credit history to make an accurate credit report. Equifax offers a variety of credit monitoring services priced from $4. Of the three credit reporting agencies – TransUnion, Experian and Equifax – TransUnion racked up the most complaints. The information contained in your report is used to determine your credit score. 0 scoring model . You’ll be able to attach supporting documents to your dispute if you submit it directly with TransUnion. com. 36. The credit scores and credit reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. You can also register for Equifax Core Credit for one free monthly credit check. Image: Alert-1. The three main credit reporting agencies in the U. The TransUnion Credit Monitoring service costs $29. are Experian, Equifax, and TransUnion. My transunion credit score went down from 730 to 650. Capital one recently increased my credit limit from 1000 to 1500 without my permission. They both calculate credit scores and reports, but have different models and features. P. Here is the main phone number for each of the three major credit bureaus. $19. Data provided to the credit bureau: Lenders aren’t legally obligated to report to all three credit bureaus. If a collection shows up on Experian, but not the other two bureaus, you Experian credit score will be lower than your TransUnion and Equifax scores. Box 740256. P. $50,000 in identity theft insurance. That being said, both Equifax and TransUnion offer incredibly accurate reporting. $19. According to the TransUnion website, it was developed by all three national credit reporting companies (including Equifax and Experian) and is “more predictive, more consistent, and more stable than older models. Is TransUnion or Equifax more accurate? If you have a 100-point difference between your TransUnion and Equifax credit scores, you might be wondering which is more accurate. Those reports are a key part of your credit score, and it's what banks and creditors pull when you apply for a credit card, loan or other lines of credit. Fair: 580 to 669. Whereas, TransUnion scores better on Plans and Pricing, and Monitoring and. Due to financial hardship resulting from the COVID-19 pandemic, you can get a free credit report each week through December 2023. ”. These companies compile information about your credit into reports that are used to generate your credit. Is TransUnion or Equifax more accurate? Neither TransUnion or. To access these free reports, go to this site. The most accurate credit scores are the latest versions of the FICO. You can place an Experian fraud alert, and afterwards, Experian will notify the other two bureaus. If you see something inaccurate or incomplete, contact your lender. It all started in 2006, when the three major consumer credit reporting bureaus — Experian, TransUnion and Equifax — teamed up to create the first iteration of the VantageScore® credit scoring model. Lenders and creditors report information on a periodic basis; therefore, the balances shown on your Equifax credit report may not reflect your most recent activity. A credit report is a summary of your credit history, including the types of credit accounts you’ve had, your payment history and certain other information such as your credit limits. These agencies include Equifax, Experian, and TransUnion. Equifax operates an 81-month credit history while TransUnion checks your data to as far back as over 24 months. Don’t be worried if that’s the case. Equifax. Credit karma gives vantage scores, not Fico, which is why you don't need to pay much attention to the actual score. $19. What's more, your score of 650 is very close to the Good credit score range of 670-739. In fact, AnnualCreditReport. They argue that their policies targeted unmeritorious complaints. Good credit: 700-749. Based in. Experian gives a more detailed picture of a person’s financial history, including payment timeliness and debt utilization. It should really a be a right to have free credit score access all year around (not just once a year for all 3) Considering Transunion and Equifax are extremely wealthy, they should be providing their scores for free like Experian. 0; Features. And while that definitely makes Equifax more attractive, it still doesn’t change the fact that TransUnion may have different information that is just as important to be aware of. 0 score is the same type of credit score provided by. Free Credit Reports. Which Credit Bureau Is Most Accurate? In the U. If you're just starting to build. If you don't want to monitor your credit score yourself. Buy your score from one of the three major credit reporting agencies: Equifax, Experian, or TransUnion. Credit reports from annualcreditreport. In the FICO vs Vantage comparison chart above, you can see that Vantage in the blue line reacts much more extremely to credit report changes than the FICO credit score, represented by the orange. Is 660 a good credit score? 70% of U. Is CreditWise Accurate? CreditWise uses TransUnion’s VantageScore 3. Creditors don’t have to report to any of the credit bureaus, and they certainly aren’t required to report to all of them. Both Transunion and Equifax say the score is based on date as of 9/22/16 but experian says based on data as of 9/2/2016. Visit our Digital Banking Guide to see a demo of this feature, and learn more about why it’s important to check your credit score here. TransUnion and Equifax calculate credit scores using different models. You may already know that there are multiple ways you can get a free credit report. 6/5 ( 26 votes ) Neither score is more or less accurate than the other; they're only being calculated from slightly differing sources. Is Equifax more accurate than TransUnion? It is difficult to definitively answer the question of whether Equifax is more accurate than TransUnion. One of which is that they use different algorithms to calculate your credit score. The Experian App is very accurate, at least for seeing what your true score is for most lending decisions. 0. Equifax and TransUnion are two of the most popular credit bureaus in Canada, and more and more people are seeking out their services as they go to apply for mortgages, loans, condo rentals, and more. 95 a month. All consumers are entitled to one free. See your TransUnion® and Equifax® credit reports anytime. Allen, TX 75013. Only Credit Report costs Rs. TransUnion again admitted no wrongdoing, and said it has. While both TransUnion and Experian have some similarities, Experian offers a more robust suite of consumer services. 1-Bureau credit report and VantageScore credit score. Experian. You’ll notice that VantageScore and FICO have similar scoring models but weight the scoring factors differently: Payment history: 40%. . Equifax and Transunion websites both give you vantage 3. There are many. Three major credit reporting agencies collect your financial information and compile it into a report — TransUnion, Equifax and Experian. A “good” score may rest in the 661 – 720 range. Year-over-year quarterly sales growth most recently was 3. 1 You can also receive free Equifax credit reports with a myEquifax account. If you’d like to know more about the factors that influence your credit score, read our article on how credit scores are calculated. Is your FICO score more accurate than using credit karma ( transunion: 653 equifax: 659 FICO: 705) Also credit karma says I have only 3 months of credit history (since my other accounts are closed) but on the FICO score it says 4 years which is accurate Or are none of these that accurateEquifax Complete™ Premier. It charges a monthly fee to access the credit score and report directly, but you can also get the same information for free through ClearScore. The three national credit reporting agencies—TransUnion, Experian and Equifax—are required by federal law to provide you with a free annual credit report. Simply put, there is no “more accurate” score when it comes down to receiving your score from the major credit bureaus. My equifax score increased to 759. The CFPB has taken action against TransUnion four times in the last seven years. Experian fraud alert and credit freeze. Equifax vs. For example, lenders can choose to report to one, two or all three. S. Reporting. Alerts when key changes are detected in credit report. Experian might offer more comprehensive identity theft protection services. 0 credit score when you sign up for its credit monitoring service. The information available online shows that Equifax uses an 81-month credit history. TransUnion gathers information on over 1 billion consumers in over 30 countries across the globe. The credit bureaus manage records on your accounts, balances and the payments you make. But equifax and transunion also give Fico scores, you just won't get the from credit karma. The three major credit bureaus Equifax®, TransUnion®, and Experian® own VantageScore, and it was created in 2006 to give more people access to a credit score. The representative will tell. Experian breaks down a credit. TransUnion and Experian, on the other hand, use a “reactive credit reporting model. Learn how credit bureaus collect and use your information to create credit reports and scores, and how they compare with each other. It also gives you a credit rating between poor and excellent. TransUnion uses the VantageScore® model when calculating your credit score, based on a range of 300 – 850. More information about Transunion’s dispute process by mail and dispute form. When you apply for things like a new credit card, a mortgage or an apartment, the companies. Which credit score is most accurate? Although Experian is the largest credit bureau in the U. Tailored for use by providers of auto financing, the FICO Auto Score uses a score range. 1 You can also receive free Equifax credit reports with a myEquifax account. Determining your score is more complicated than just weighing the different aspects of your credit. S. Very good: 740 to 799. ”. The big three consumer credit bureaus most people are familiar with include TransUnion, Equifax, and Experian. — I'd like to have 775+ score around this time next year. Similar to TransUnion, Equifax should be capitalized when used in a sentence as it is a proper noun. Therefore, there are other reasons why the numbers. Choosing between Equifax and TransUnion as to which credit bureau is more accurate. However, the actual definition of an “excellent” score varies based on the credit type or the lender. It settled an FTC lawsuit for $250,000 in 2003. This means that if there. Equifax has since come under scrutiny for violating the FCRA. VantageScore is the result of a collaboration between the three nationwide credit bureaus – Equifax, Experian and TransUnion. National Mortgage Professional, an industry publication, first reported the glitch in May. Know your score. These companies compile information about your credit into reports that are used to generate your credit scores. The company does not reveal the exact scoring model it uses, but its. It’s impossible to say which credit reporting agency, TransUnion, Experian, or Equifax,. When it comes to credit scores, however, there is a clear winner: FICO® Score is used in 90% of lending decisions. Good: 670 to 739. The monthly fee for this service is $9. Understanding credit score ranges.