submitted by Bucks County Consumer Protection Agency
Q. I recently applied for a small loan through my bank in order to pay off some credit card debt. As is their usual practice, the bank pulled my credit report and, according to them, my score was 500. However, when I pulled my credit report via TransUnion, it showed my score to be over 200 points higher. Why would there be such a difference? How do I know which report is most accurate? C.C. Langhorne.
A. As you may be aware, there are three national credit bureaus; Equifax, Experian and TransUnion. Through any one of these bureaus you can find your credit score. The scores from each of these credit reporting organizations is solely based on the data that they have on file for you at their agency. That is the reason that your credit score may be different at each one of the main credit reporting agencies.