If Trans Risk is a subsidary of Trans Union, why would I have a 100 point difference in credit scores between them? The Trans Risk is 100 points lower than the Trans Union.
2007-07-14 03:58:55 · 5 answers · asked by brian f 3 in Business & Finance ➔ Credit
I use True Credit (TC), which is also a TU subsidary, to keep an eye on my reports.
The TC scores are general always lower than my FICO scores.
I see my TransRisk (TR) scores (through one of my Juniper credit card accounts) and it is lower than my TC score.
I also notice that TR, even though they are a TU subsidary, only has 1/3 of my accounts listed that they are basing the TR scores off of.
Basically scores from any sources other than myFico are fako scores.
2007-07-14 13:58:14 · answer #1 · answered by echo 7 · 1⤊ 0⤋
TRANSUNION has different scoring models.
TRANSRISK is a specific scoring model from TRANSUNION just as is your TRANSUNION VANTAGE score. TRANSRISK starts at 300 and tops out at 850 and VANTAGE starts at 501 tops out at 990.
It is next to impossible to get any information out of TRANSUNION regarding a TRANSRISK report as they do not discuss or provide any information regarding TRANSRISK reports.
If you have a credit monitoring service like LifeLock they base all their scores on the TRANSRISK model but feature TRANSRISK as their primary report updated monthly; yet LifeLock cannot help you with regard to anything in this report and direct you to TRANSUNION. If you call TRANSUNION about your TRANSRISK report they will not help and direct you back to LifeLock.
Comparing a TRANSUNION VANTAGE report to a TRANSRISK report shows differences of what accounts they may include from your credit history. Although some say the TRANSRISK report/model is a lifetime credit history it may not include some of the older accounts the VANTAGE report does, or vice versa. TRANSUNION will try to tell you the credit report itself is the same and just the scoring is different, but this is simply not true in every case.
For some unknown reason(s) TRANSUNION is very secretive regarding their TRANSRISK report making it impossible to dispute it; this would make a great story for an investigative reporter to look into.
2014-05-13 10:57:17 · answer #2 · answered by robert 2 · 0⤊ 0⤋
There are two parts to a credit score. 1. The underlying data. Accounts, time on file, balances, payment history, etc. 2. The calculation of the score. The FICO score is a seperate product from the credit information. FICO score (the process to calcualte it) is owned by Fair Issaac's. So technically if the base information is the same the FICO score will be the same. There are always some differences between reports, but for the average consumer those are 0 -10 points. Is the TransRisk Score a score calcualted by Trans Union? If it will be different, but there is no way to say what the difference will be, except to say they will most likely try to make it match up to FICO, since that is the industry standard.
2016-05-17 10:40:45 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Transunion is a credit bureau. They have their own scoring system call TransRisk which scores a bankruptcy risk. There also is a FICO or an auto enhanced FICO score than can be purchased.
2007-07-14 05:19:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Trans Risk is not a major credit bureau, no one in the financial sector pulls them I wouldn't worry about it...
2007-07-14 04:05:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋