If not all creditors report to all 3 agencies, is it possible to have a great score even with bad debt?

Question

If I had a few credit cards that didn't report to experian, and did to lets say the other two, is it possible that even with bad debt/histories, etc, one agency can list you with a great credit score while the others have you lower?

Also, if that's the case, then isn't that saying you can technically get away with bad credit, as long as it doesn't get reported?

My TransUnion score is 666, Equifax at 675 and experian at 768, or something like that.

It's just so different, and I have absolutely no idea where I stand.

Also, I guess it's foolish to just establish credit history, if you don't know that those creditors are reporting to all 3, or even reporting at all isn't it?

That feels like you're being ripped off at least establishing a credit score, but then again it might come in handy if you're delinquent, or went bankrupt, and those creditors haven't reported.

What's the deal, can we really get away with things if they're not reported, or will the agencies catch on?

Answer 1

Some companies dont report to all 3 bureaus. Thats just life. The agencys rate things differently in their algorithms.

Your scores are actually very good. But I have seen some people that have 700 scores on 2 of them and 500 on the last one. Thats why most companies will take the middle. It is possible to get the other bureaus to add what you want. You just need to provide proof ect. But with your scores I dont see why its that important.

You can contact land america and they have a program that is called rapid rescore. It takes them about a week and they will go to the credit bureaus and update your credit. Its 25 dollars per trade line per credit bureau. I dont know if you can directly deal with them, you might need to call your local mortgage broker to help you with this. So you know you can do this yourself for free it just takes longer. Just contact the agencies you feel that your score is low on and have them add the items you think will help your credit.

Trans Union 866-887-2673
Experian 888-397-3742
Equifax 800-685-1111

https://info1credit.com (land americas website)

Good luck

Answer 2

Experian typically has the most errors on it; in your case, the errors are helping you. You should strive to raise the other 2 scores so that you can have a high mid or middle score that lenders look at. Credit repair will get that done for you. . Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters—this is the key…..people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.

Answer 3

It's possible, but only if the lenders did not report.

If you are applying for a mortgage they will pull all three and use the score in the middle.

If you are applying for a car loan it will depend on which is the default bureau for the lender you are applying with.

In my business, the auto loan business nobody looks at Experian. They either look at Transunion or Equifax depending on the lender, State and Zip code.

You don't have to worry about bankruptcy's, they are Federal and are reported to all three bureaus.

Answer 4

There is no requirement that any creditor report to all three agencies, or to ANY agency, for that matter. That is one of the reasons that you do not have identical scores between all three. However, if you want to obtain a substantial loan, expect that the creditor-to-be may run a credit check at more than one of the agencies.

Some sources only run one credit check, but most run more than one to catch any discrepancies between the reporting agencies.