Looking at my credit scores they vary from company to company so I wondered if creditors look at a certain companies score more than the others because it is considered more relible.
2007-11-15 06:40:45 · 6 answers · asked by parkdad73 1 in Business & Finance ➔ Credit
No, every lender has their own default bureau and some pull all three.
2007-11-15 06:53:49 · answer #1 · answered by ? 7 · 2⤊ 0⤋
I've worked for several different lenders, banks and mtg companies. One -- a big big bank -- pulled the credit report for consumer loans (these are the mortgages and home equities they portfolio) based on where you live. The mortgages got a combined 3-in-1 report. All the others used the 3-in-1. Then they line up the scores and use the one in the middle. If there are multiple borrowers, they use the lowest middle score.
2007-11-15 08:13:50 · answer #2 · answered by Debdeb 7 · 0⤊ 0⤋
It's hard to say, mortgage lenders throw out the high and low and use the middle score as your credit score. The algorithms used to calculate score are still a secret.
2007-11-15 07:06:01 · answer #3 · answered by Debt Free Dale 1 · 0⤊ 0⤋
Equifarce is the biggest by far....I don't know if that translates into more importance for a creditor.
2007-11-15 06:57:25 · answer #4 · answered by CatDad 7 · 0⤊ 0⤋
It should be Equifax and Experian. I would say Equifax.
2007-11-15 09:30:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I would say Transunion, I know its not Experian.
2007-11-15 07:16:39 · answer #6 · answered by goodgirlabout2gobad 6 · 0⤊ 0⤋