Equifax credit report is 653 on a scale of 150-930
Experian credit report is 633 on a scale of 150-930
TransUnion credit report is 629 on a scale of 150-930
should i add them up and divide by 3>?
what does this mean???
2007-12-06 05:10:20 · 7 answers · asked by EL Nene Catracho 1 in Business & Finance ➔ Credit
banks look at the score from all three reporting companys, not the average.
2007-12-06 05:18:14 · answer #1 · answered by metzkeb 4 · 0⤊ 1⤋
#1 if the scale is to 930, those are NOT true FICO credit scores.
That being said, I would say you have ok credit as I believe those FAKO (term for non-fico scores) generally run lower that FICO scores.
The best way to have a high credit score is to pay your bills on time every time! Don't apply for credit unless you need it. Also, keep your credit card balances below 10% of the limit for the best score benefit (utilization of 1-9% is ideal). Credit scores do not care if you carry a balance or not, just that you consistently use the cards and pay on time.
2007-12-06 13:20:41 · answer #2 · answered by cvawt 3 · 0⤊ 0⤋
When lenders or creditors look at your scores (if they pull all three bureaus), they will take into consideration your middle score of 633. Anything below 640 is considered Fair and could possibly keep you from getting credit. If credit is granted, more than likely your interest rate will be high as you will be considered a higher risk.
2007-12-06 14:00:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It means your overall credit score is 633. With these figuers you actual credit score is 633. When you have 3 scores, your actual credit is the score in between. In your case your credit score is 633 which is the one inbetween.
2007-12-06 13:53:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It means they are three different companies who do their own calculations based on what is in their own data repositories for your credit history. Most (mortgage) lenders require that all three scores be obtained (or as many as are available) and they use the middle score for qualifying. (or the lowest if there is fewer than three). Hope that helps.
2007-12-06 13:20:15 · answer #5 · answered by Anonymous · 0⤊ 1⤋
to whomever you're applying for credit will figure that out. You are doing fine. Don't worry about it.
2007-12-06 13:19:20 · answer #6 · answered by Wet Doggie 5 · 0⤊ 1⤋
You have average credit
US Average is 639
2007-12-06 13:14:49 · answer #7 · answered by Fuzzybutt 7 · 0⤊ 2⤋