Your FICO score will most likely always be lower than the other two and the FICO score is the one looked at mostly when applying for things. The FICO is the only one I keep up with for two reasons:
1- it will the lowest (so I known worse case when applying for credit, etc)
2- this score is used the most
I pay a credit monitoring service for Equifax that monitors all three. I also pay for a plan on Equifax that gives me an immediate alert when my FICO score changes.
These have been worth paying for. I have found out that someone opened an account with my knowledge and was able to immediately freeze my credit.
I am also not giving my personal information to some third party.
I heard about this site from Clark Howard but I still wouldn’t sign up for this

I someone goes through life paying cash for all transactions and is in good standing with all parties they deal with they are penalized.

If you pay cash for everything then you do not exist and you are or could be harmed by this type of reporting company evaluation of your true credit worthiness if you ever choose to take out a real loan that is above the grossly inadequate system in place.

Since these reporting agencies conduct their business in this way I see a great opportunity for a class action lawsuit against these so called credit reporting companies for the harm they cause the people that use our nations legal currency to pay for debts or pay as you go through life.

If these companies don’t allow for reasonable corrections to be made to a persons credit worthiness then a crime has been or is continually being committed by these companies and damage may be owed to all parties that have been harmed by these credit reporting companies for providing knowingly false, inaccurate and incomplete information that could destroy people and cause great damage to all people They have faulty. Or wrong and incomplete information on.

If a person is branded with a low credit score that is incorrect then this person should be provided with an easy access way to establish a correct credit rating that will not destroy people or companies looking for loans.

Your credit rating from these companies also can impact the prices you get when they use your credit score to determine the price they will charge you.

Most Insurance Companies use your credit score to determine your insurance price sand the amount you will be charged.

I have never seen a system such as thus one that deserves to be sued more than these credit reporting companies that can make or break you simply by giving you a poor, low or inaccurate credit score.

I would be one of the first to sign on for any class action lawsuit that would take on these credit reporting companies that destroy people, families and businesses every day based on a number score they give you.

These companies make it very hard to make corrections or to get a justified credit score number unless you are a slave to their system.

Since I pay for most of my acquisitions or purchases by paying for it in cash or check I am a great example of someone that could be harmed or hurt by these companies because of them giving out inaccurate credit scores they base on little or no information.

Watch for what they ask for the next time you get an insurance quote. They will insist on doing a credit check on you. They say it won’t affect your credit if they look you up based on your credit but they won’t guarantee it won’t harm your credit score. This is a Large Flag and they should not be allowed to require access to your credit score before they give you an insurance rate.

If I ever come across a class action against these credit scoring companies I will be the first to sign up.

Credit reporting companies as they are used today should be outlawed. Not long ago it was illegal for insurance companies to require your credit information but a few polititions must have gotten the required donation. So they changed the law for certain companies.

Its time we fight back and take back our rights.

Yes, Its Big Brother giving away all of our rights and when we are not looking they take everything else they can.

Every time I have checked my credit I have found errors made by these credit reporting companies. Its time they pay for the damage they do to us all.

We are all at great risk with these companies doing what ever they want with the numbers.

I hope you have Good Luck the next time they spin the wheel on your future and your credit score.

666

Thanks for using the service. But I should clarify that there is no “real” score. Banks decide what score they want to use based on what they think is best and the costs. Just you and I shop for chicken soup banks shop for credit scores. Our scores are real and purchased directly from TransUnion. There is no guarantee that the score you bought from another site is going to be the same that the banks use either.

Usually, the lender will pull JUST ONE bureau on you; TU or EXP. They seem to be the preferred bureaus, although my own bank used EQUIFAX to my surprise. If you score well enough to make a decision, case closed. If, for example, the TU report listed you as a TIER 2 borrower (good credit), they may pull your EXP to see if you score higher, like a TIER 1 (BEST CREDIT). If you score better there, they’ll consider that for their decision.

If you score low, like a TIER 3 on EXP, they will look at your TU. If that’s really weak also, they may as a last resort look at your EQUIFAX.

These 3 reporting bureaus DO NOT have all the same info. If you look over your credit report, not all open and closed accounts appear under each bureau. TU may show you with a balance of $65,000, while EXP may show $70,000, and EQUIFAX may only show you with $52,000. That’s the case on mine, as well as different current employers.

Just thought I’d throw that out there so everyone has an idea of what’s experienced out there, at least from what I’ve seen working in the car business for the last 12 years with lenders including CHASE. Mortgages may do more significant pulling. Ask your lender first on which bureau service they will pull for a decision so you have an opportunity to examine the accuracy and clean up any issues before submitting an application.

Truth is,no potential lender is going to accept your credit score alone–either from Credit Karma or FICO–in determining whether to lend to you.

Still, it’s a bargain serv iceActual creditors have the right to factor in a lot of things that FICO refuses to consider–like income and age and overall net worth.Still, it costs you nothing and gives you useful intelligence on your credit history.

Like whether there’s been any new lines of credit opened in your name or a rash of hard pull inquiries that you may not have authorized.

It does tend to run about 10 points lower the the FICO score you pay for. But it’s an excellent yardstick of credit worthiness and it will alert you to any sudden credit issues.

It’s updated monthly. Best time to check is the 2nd week of the month when all the credit bureaus have reported in your recent activity. If you check it the first day of the month, you may get a copy of last month’s score. Just a tip.