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Confused - same credit bureau, different scores.

Hi - I'm working on my credit at the moment to purchase my first home in December. I have pulled my score from a few places, my bank, credit karma and experian credit monitoring and score package i pay for. . all of the scores are completely different! 661, 620, 686. Why is that? and what score is a lender going to use? thanks for your help! by jshearer304 from Hachita, New Mexico. Jul 24th 2019 Reply


Hello. Credit Karma is a company that sells your information to the credit card card companies. They use a total different credit scoring than any mortgage company. All mortgage companies use the middle credit score from Equifax, Experian and Transunion. I'm happy to help you if you have more direct questions.

Jul 24th 2019
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Each lender updates their files at different times.. Also, not every item is on every credit report. But the biggest reason is that each one has a different scoring model. Each one gives a different weight to what is good and what is bad. Another problem is when you apply for a credit card, the credit score is based on the likelihood of you defaulting on a credit card.. but when you apply for a car loan, then it's a different model.. it's a model based on the likelihood of you defaulting on a car.. but when you want to see what your scores are. .then it's a completely different model.. and those model's are typically more generous, and don't actually reflect your true scores. So my guess is that your bank had the lowest score.. and Credit Karma had the highest.. Regardless, Lenders only use Transunion, Equifax, and Experian. We run all 3 and use the middle score for loan pricing.. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / MKS Lending LLC DBA Trusted Lending Center, NMLS 1018196 / AZMB 1414920

Jul 25th 2019
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