I checked with 2 credit scores sites. my equifax fico score is different. one is 518 and the other is 621 ,?

Question

how do i know which site / and score is correct. i think this some bulls*** , unless someone tell me otherwise. please help me let me know, also what can i do to get credit score up. i have one line of credit now open , and all debt paid off since 1 mos ago. thanks many blessess

Answer 1

The score you obtain directly from Equifax is the correct one. You can call them and discuss the difference in the reports, and they can assist you with what you need to do, if anything. Maybe one website gave you faulty information.

Basically, to get and keep up your score, pay off any unpaid debt, and keep up with your monthly payments. If you have your debt paid off as of a month ago, it will probably take another 5-8 months to update enough to start seeing a rise in your score. It just takes time.

Answer 2

What two sites did you use? Based on my general knowledge and basic research (confirmed by the 1st link) you're entitled to one free report a year. Equifax and Experian should yield the same results. If not, I'd suggest you contact each company to discuss the discrepancy between the two reports.

Answer 3

One might be a FAKO and the other is a FICO. Go back to the website and see if they use their own personal scoring system rather than the Fair Issac scoring system. The FAKO is a fake score that alot of companies give away for free but an actual score usually costs money.

Go to http://www.myfico.com and sign up for the scorewatch it will monitor your credit score and give you 2 credit reports for 30 days.

Answer 4

The FICO score from Equifax is the most reasonable score to go with. The other's are pretty much just estimations.

Your score needs fixin' so you gotta spruce up your credit record:

1. Order your credit reports from the 3 bureaus

www.equifax.com

www.experian.com

www.transunion.com

If you're ordering for the first time, get your score (for a fee) from Equifax as their scoring matters most.

2. Make copies of your report and put the originals in a binder. On the photocopied reports use a highlighter and check for any incorrect, outdate, false, etc...info

3. Download a dispute letter(s) from the credit bureaus website and list anything that is wrong. Mail them to their office(s). They have 30 days to reply.

4. If they will not remove something that is not yours or too old (> 7 years) as them for a debt validation. This may take an additional 30 days.

5. Once the 'baddies' come off, take care not to let any of your other accounts fall into that predicament.

6. If you haven't already make sure your existing accounts are current and paid on time ALWAYS.

7. Get a secured credit card with www.capitalone.com or www.mastercard.com for like $500-1000 or more if you can and use it sparingly. Charge like $50 on the card each month and pay it in FULL and on TIME. Make sure you do this for a minimum of 6 months so that you estabish a positive repayment history.

8. Problem with just letting them (collections) 'fall off' is that they may never. You may get sued before that...that's where you suddenly get a summons to appear in court and a judgment for collection against you.

For collection items...pay them but get a 'pay for delete' from the collection agency in WRITING...they'll delete it after you pay and it will help your credit score.

Answer 5

Don't get so upset.

There are 3 different credit bureaus and none of them use the exact same way to calculate your score.

Plus not every creditor reports to every credit bureau.

Add to that the fact that there are 3 differect types of credit bureaus, regular like you get from the net and credit card companies use, auto enhanced which is the one that auto dealers and lenders look at and factual which is the one that mortgage companies look at and people can have up to 9-different credit scores.

I look at credit every day and a spread of 100-points is not uncommon.

Answer 6

You sure both scores were Equifax?  Different agencies will report different scores.  What site did you go to?????

This website is the official site set up by the big three credit agencies.

www.annualcreditreport.com

To get your credit score up takes time (years), and a low balance to balance limit ratio.

EDIT: To the poster Deanna, the three different credit agencies will have different scores because each agency scores your credit differently.  However, your actual credit report should be the same.

Don't be confused by credit report and credit score.  Credit report shows how much your loans are, what your credit limit is, how you've paid each month, etc.  Credit score is the actual score a credit agency like Equifax gives you.

Answer 7

MyFico.com is the site to get the most accurate, updated FICO score.

If you have just paid off derogatory items, that doesn't improve your score.  In fact, it will initially lower your score.  The older the item, the less impact on your score.  When you pay old debt, it becomes a current transaction and counts more in your score calculation, including the negative stuff.

You will need at least 24 months of consistent, on time payment history to improve your score.  It takes time and there is no sense signing up for monitoring services.  It's a total waste of money.

Answer 8

each should have the same score --are you sure one is not experian or trans union

Answer 9

Credit scores are really never the same, but if its pulled by someone for who you applied for credit for then they may go by just one or pull all three and get a median score. You need to pay all your bills on time and you really need a credit card or car payment or something like that to get a low balance on and pay it on time every time and in about a year you will notice your score will begin to raise, there is no magical way to make your score better, it takes time and patience and mostly owing someone and paying on time every month, but only spend about half of available credit because owing more than half starts to look bad.