Credit Monitoring

tpunx99GSX · 03-10-2011

So Jessica and I have been monitoring our credit and improving it steadily each month... or so we thought. We have been using a company called Trilegent who uses CreditXpert to get the credit score from each of the three bureaus. then last month i decided to pull our scores from another company just to verify that they were showing the same scores and what do you know, one of the scores was over 100 pts lower... nothing happened between the time i pulled from trilegent and the other company. So i pull it again from yet another company and they have a totally different score.

So I start calling around and no one can give me an answer to why it would be showing completly different based on the company i was pulling from.
Has anyone else found this as well?

I have a theory about this, I believe Credit monitoring companys do not give your actaul scores until 3-4 months of using their service. Being that its a monthly service, if they show a good score the first shot, you may just want to cancel the service. This is just a theory but the only way to explain it.

What do you guys think? Anyone had problems like this?

**mlomker** · 03-10-2011

If it isn't a Fico score then every company comes up with their own metrics. I always use myfico.com and usually pull the FICO score using Equifax as the bureau. Most lenders use Fico exclusively, anyway.

Matt D. · 03-10-2011

That sounds like par for the course. Unless you are pulling the number straight from Experian, Equifax and Transunion then you are merely guessing at what your credit score really is.

t-revzr · 03-10-2011

I have the credit monitoring thru wells fargo. So I pulled my scores 2 weeks ago and they were good. Well this week I went in for a house loan and they pulled my scores again and Im up 75 pts on them which I dont understand... But hey being up 75 pts and getting a better interest rate on a house is a plus!! So now im shopping for a house.

**Halon** · 03-10-2011

Quote:

Originally Posted by mlomker

If it isn't a Fico score then every company comes up with their own metrics. I always use myfico.com and usually pull the FICO score using Equifax as the bureau. Most lenders use Fico exclusively, anyway.

Yup. I think I brought MyFico up in the shoutbox awhile ago with Tom. The only place I ever used was MyFico.com. I stopped using them a couple years ago as I don't feel the need to check it that often anymore. Once I start shopping for a new house however, I may start my subscription back up.