S. Different FICO models can produce very different scores. Sponsored. Equifax and TransUnion scores can only be as accurate as the information they receive. FICO says 90 per cent of Canadian lenders use it, including major banks. Taking a 290K loan, I have been paying $1900/month for almost 1. They use their own model now as per verbiage: "The Equifax ® Credit Score and 3-Bureau credit scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. Of course, getting at or close to 0% is best. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information about. 0 (ERS 2. Why is my Experian score so much lower than TransUnion and Equifax? Reasons Why Your Credit Scores Differ From Bureau to Bureau – It’s unlikely that you’ll have the same credit score across each of the three credit bureaus. com. Equifax's different credit scoring model results in lower scores. FICO and TransUnion’s New Account Score ranges from 300 to 850; Vantage, from 501 to 990; Equifax’s is between 280 and 850 and Experian ’s is 330 to 830. Because different lenders rely on different credit reporting agencies,. We’ll explain what a credit bureau is, why Experian, Equifax, and TransUnion show different scores, if one bureau’s score matters more than the others, and ways to improve or build your credit score. FICO. Delinquencies reported on a loan reported on one credit report, but not the others, is the most common reason why you'll see wide credit score. Consumers normally do not have a single score but rather many credit scores. They’ll be in red and in order of importance. Instead, we work with Equifax and TransUnion to. 30% total debt. Current spread is 81 points. 0 is between 720 and 780. My VantageScore number is 41 points lower than my FICO score -- still lower, but a less drastic difference than what Brian saw. The result is that there are multiple FICO Score versions available, in addition to the most widely used version, FICO Score 8. My Equifax report still lists my employer as "Parental Allowance" from when my parents helped me get my first credit card at 18. TransUnion and Equifax calculate credit scores differently. Both Equifax and TransUnion have scores that range between 300 and 900 in Canada. This is because individual consumer reporting agencies, credit scoring companies, lenders and creditors may use slightly different formulas to calculate your credit scores. I wouldn't doubt if my EX score was 100 points lower than my TU or EQ scores. Your Equifax credit. TransUnion. . When lenders review your credit report for the purpose of an application, a “hard inquiry” is placed on the credit report they checked. 5 / 5 - Excellent #1 in Credit Reporting. Great chance you are comparing a score from Credit Karma with a range of 501-990 versus the score your bank is using. Equifax scores range from 280 to 850. New credit: 10%. By comparing the different reports from each agency, you can make a more informed decision. 0 range from 501 to 990. First things first. Users of TransUnion eCredable Lift can report their utility bill payments, resulting in an overnight improvement to their credit scores. Equifax credit scores are not used by lenders and creditors to assess consumers' creditworthiness. TransUnion reports I have better credit than 2/3rds of the country but Equifax says I have better credit than only 1/3rd of the country. This is free. TransUnion is bringing up the rear among the three. In other words, your credit utilization rate is how much of your available credit you’re using at any given time. If the information on your credit report is found to be inaccurate or incomplete, your credit report will be updated, generally within about 30 days. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your Equifax. What a credit bureau is. Equifax®: Which Score Matters More? Victoria Araj 6-Minute Read UPDATED: October 30, 2023 The look of your credit score can be. Although ranges vary. Why are my scores differ so much and Which score will…Experian, Equifax, and TransUnion each offer credit monitoring services. Re: Transunion credit score is 35+ points lower than Experian and Equifax scores. It shows my Transunion score from 4 months ago -February 2015 (score=715) and my Equifax score (NO SCORE) as of 1 - 4072030. Conversely consumers with lower FICO scores at bureau "A" will likely get low FICO Scores at the other two bureaus when the underlying data is the same across the bureaus. Experian and Equifax are the two largest credit bureaus in the United States. Experian and Equifax are the two largest credit bureaus in the United States. Similar numbers. When the scores are significantly different across bureaus, it is likely the underlying data in the credit bureaus is different and thus driving that observed score. FICO 5 relies solely on data from the credit reporting agency Equifax, while FICO 8 uses data from all three major credit reporting agencies: Equifax, Experian, and TransUnion. On the other hand, TransUnion’s CreditVision Risk Score looks at data over the past 24 months. TransUnion’s credit monitoring services cost $24. Equifax uses the Equifax Risk Score, while TransUnion uses the CreditVision Scoring model. 0 scores. So if Equifax has access to different information about your credit than TransUnion, your scores from each of the bureaus might also be different. Re: Why is my transunion fico so much higher. The average VantageScore 3. Experian says it would be “unusual” if your credit scores align. Credit Karma isn’t a credit bureau, which means we don’t determine your credit scores. The base FICO ® Scores range from 300 to 850, while FICO's industry-specific scores range from 250 to 900. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you'll see wide credit score. We are Indianapolis’s only Licensed, Bonded & Insured full service credit consulting company, InCreditable Advisors, give us a call today and let us help you improve your credit at 317-202-1297 to schedule your appointment today. I thought 900 was a hypothetical score, like someone bowling 300. Equifax, Experian and TransUnion are the three credit bureaus responsible for reporting your credit score. Inquiries stay on your credit report for. Many creditors have a custom one, so may not even use the score you see. Would love to know the answer! Hello - 1303709Why is my Experian score so much lower than TransUnion and Equifax? This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. 0 scoring model. 0 in July 2021 was 693. Was the Experian score pulled by a lender? And if so, what kind of lender?Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. FICO® Score 9 looks at medical debt, paid collections and rental history differently than previous versions of the FICO® credit-scoring models. 0, which Credit Karma uses. Multiple late payments matter more. Even then with the different algorithms, the variance between the two scores should be between 7-10% or even less . I had a few accounts and debts on my report that have all been. Why is my Equifax score lower than FICO? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. Step 2. An Equifax credit score is an educational credit score. com. Each credit bureau will have a different credit score for each individual. The main difference is Experian grades it between 0 – 1000, while Equifax grades the score between 0 – 1200. Equifax vs. Balance changes, lower utilization, score increase, etc. Valued Member. My FICO went up like with the equifax reported by credit karma. FICO is a separate product issued by a separate company. Note that a credit report =/= credit score. Small-balance collection accounts matter less. Equifax and TransUnion scores can only be as accurate as the information they receive. wrote: I'm in the same boat. This purchase is only good for a one-time view. For starters, Equifax and Transunion have their own proprietary algorithms, with each one assigning a different weighting to the. This means that Equifax, Experian, and TransUnion don’t have access to exactly the same data, which accounts for the difference in credit scores. 2. The score from Experian is FICO 08 scored as well. Feb 25, 2022. VantageScore uses three different credit bureaus — Experian, Equifax, and TransUnion — to compete against FICO, and each bureau uses different algorithms. I don't understand how they can be different by 30 points, let alone. Both FICO and VantageScore assign higher credit scores to consumers deemed as lower-risk borrowers, and both currently range from 300 to 850. My FICO went up like with the equifax reported by credit karma. 590 on Experian, 651 on Transunion, exact same information for both. Credit card utilization is the ratio of credit card balances to available credit card limits. The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data. Why is my Equifax score lower than FICO? Asked by: Miss Megane Kuphal Jr. You’ll be able to attach supporting documents to your dispute if you submit it directly with TransUnion. So, you may have loan A which is reported to Experian, while loan B is reported to Equifax. And even if a lender reports your credit information to both bureaus, they may do so on different dates, meaning your credit score could be up-to-date with one bureau and out. Mostly just confused why the transunion would have gone down regardless of the model used. My Equifax is more than 100 points lower than my TU score. FICO defines the following credit ranges based on FICO® Score 8 credit scores: Exceptional: 800+. When a lender runs your credit, they’ll usually see your three FICO. Mostly just confused why the transunion would have gone down regardless of the model used. The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. The scores we provide are actual. A FICO score of 650 is considered fair—better than poor, but less than good. The scores may have different interpretations, a 600 from Equifax may be equivalent to a 700 from TransUnion. For instance, Equifax uses a scoring model known as the Equifax Credit Score, while TransUnion uses a scoring model known as the. I have 755 with Transunion, and 646 with Equifax. TransUnion is bringing up the rear among the three. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you'll see wide credit score. This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. This data is then distilled and calculated to create your credit score. Score differences are very common and are usually the result of small variations of when information is reported and how it is weighted. FICO is the most well-known and widely used scoring model, as 90% of major lenders rely on those scores when evaluating applicants. Maybe some small difference, like if you get a hard pull, it may only be on one but not the other. Find The Best Credit Reporting. 590 on Experian, 651 on Transunion, exact same information for both. 0 adopted the same. Often called "educational" scores. Credit Score Ranges. We would like to show you a description here but the site won’t allow us. Each is collecting the same information about your credit history, but it's not uncommon for there to be slight variations among the different reports. Each company has its own method of collecting financial information. The other two only report the name of your employer and do not add any weight to that fact. But at my credit union, I have access to two different score models. Here are the services that. If you’d like to know more about the factors that influence your credit score, read our article on how credit scores are calculated. Credit score range. Score: 4. Since there are so many free credit score resources out there, you should know that FICO is the most widely used credit score among lenders. TransUnion: Credit Rating. And a lender may report updates to different bureaus at different times. High balances in comparison to credit limits can affect credit scores, and are a common reason for credit scores to fluctuate. I did find a couple of minor discrepancies on my Equifax report, disputed them, and they have been "resolved. From a BK years ago to: EX - 3/11 pulled by lender- 835, EQ -. One of the main reasons why your Equifax score may be significantly lower than your TransUnion score is because both credit bureaus use different credit scoring models to calculate your credit score. VantageScore – it began in 2006 and is what Credit Karma uses. 590 on Experian, 651 on Transunion, exact same information for both. 0 credit score was lowered by 72 points. . FICO. It is really affecting me getting an auto loan. TransUnion includes personal information and employment data, while Equifax focuses more on credit behavior and traditional credit data. However, VantageScore 3. Above 800 = Exceptional. Delinquencies reported on a loan reported on one credit report, but not the others, is the most common reason why you'll see wide credit score. Data Collected. Even if the two bureaus received. Equifax 834, Transunion 900. Credit takes time to grow. Hi, I use Credit Karma. 0 and 4. TransUnion uses the VantageScore ® credit scoring model to calculate your credit score. TransUnion uses a 7 year credit history while Equifax calculates it based on a time interval of 6 years and 9 months. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit. Banks, credit card companies and other lenders would be reluctant to approve credit to individuals with a low score as they are nervous about the potential for repeated defaults on payments. That being said, if any credit score (even an. Your score differs. Vantage scores are fickle things, anything could make the score change, heck the weather might affect for all I know. Equifax. 164 (including taxes/handling charges). Why is my TransUnion and Equifax score different? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Why is my Equifax credit score 37 points lower than my Experian score, and 47 point lower than my Transunion score? I have compared all 3 of my credit reports. Experian’s free credit score is the FICO Score 8, the score most lenders use. This is one of the least forgiving bureaus because much more weight is assigned to your payment history and the average age of your credit accounts. As the model differs, the results do the same. This model ranges from 300 to 850. You may have a different score with each of the three nationwide credit reporting agencies (TransUnion, Equifax and Experian). My scores are 850, 850 and 840 for Experian, Equifax and TransUnion, respectively. Why is Experian score lower than TransUnion and Equifax? This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. Good: 670 to 739. . TransUnion provides the VantageScore 3. The main difference between Equifax and TransUnion is that each has their own proprietary method to calculate credit scores. But if you find a significant difference, it’s worth investigating. If a collection shows up on Experian, but not the other two bureaus, you Experian credit score will be lower than your TransUnion and Equifax scores. A 150-Point Difference in ScoresSimilarly, if you pay off a credit card debt and close the account entirely, your scores could drop. Credit Karma only uses Trans Union data so it does not take into consideration Experian or Equifax data which can be different. Edit: The reason Credit Karma is stating for the low score is a combination of a high number of hard pulls and that my average account age is too new. 472. FICO is the most well-known and widely used scoring model, as 90% of major lenders rely on those scores when evaluating applicants. So if you don't see Equifax in. 0 on Credit Karma will likely be different from your FICO Score that lenders often use. Most of the time, scoring differences are not unusual because there are differences in the information on file at the credit bureaus. Your credit card balance is higher than usual. It's also the least friendly to those just starting out building credit. TransUnion is bringing up the rear among the three. Generally, the credit bureaus collect information from different sources and have their own scoring model. One place to look is derogs. Would these all be the same? Not necessarily. Experian 76%. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit bureaus—which is also. The Differences Between Equifax, Transunion, and FICO. Only Credit Report costs Rs. The higher the number, the. A few hours later, my Equifax Vantage Score 3. We all collect similar information, and. Based on our analysis, Experian provides the best service for the money. The lower Equifax number is a common concern for many people. Gives you a better understanding of your credit and more confidence when you apply. wrote: Why is my Experian score 74 points lower than my TU and Equifax scores? It reports the same stuff as the other 2. It's also the least friendly to those just starting out building credit. I thought it would help me get a good. One of the most evident differences between these two bureaus is that Equifax scores range from 280 to 850, but TransUnion scores range from 300 to 850. So, you may have loan A which is reported to Experian, while loan B is reported to Equifax. between my two scores could stem from the fact that Equifax reports a slightly longer history and more accounts than TransUnion. Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. Legally you are entitled to request a credit report from Transunion and Equifax one time a year. 6/5 ( 59 votes ) If you file a dispute regarding information on your Equifax credit report, you can generally expect to receive the results of the investigation within 30 days. ”. Credit Karma says it's using Equifax and Transunion, and both of these agencies are showing similar scores. . Why are my credit scores. So, if you have a $4,000 credit limit, your balance should remain below $1,200. Re: Transunion credit score is 35+ points lower than Experian and Equifax scores. The Equifax is not a FICO score. Equifax 834, Transunion 900. Re: Why is my Experian score 40 points lower than Experian & Transunion? I understand that different FICO score models result in different ranges of scores. Which is better TransUnion Equifax or Experian? Based on our analysis, Experian provides the best service for the money. It's a good idea to take advantage of this every year, to check that everything is accurate and. When you log into your Credit Karma account, you can access your free credit reports and scores from both TransUnion and Equifax. 1. They might also weigh your information differently depending on the type of credit account for which you've applied. Your student loans might affect your credit scores in several different ways. As the information on your reports directly impacts your credit score, it can be beneficial to check the reports and make sure everything is correct. 6 Their services allow you to monitor your VantageScore credit score but not your FICO score. However being under 700 on one while being over 800 on the other is unusual. The Equifax credit score model uses a numerical range between 280 and 850, and FICO score models use a range between 300 and 850. 300-900. 3/5 ( 60 votes ) The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. 15% length of credit history. Why is my TransUnion score lower? Your credit scores are calculated using information in your credit reports, so it's normal to see your score change as lenders provide updates to that information. There are many different scoring models. Then you at least know the EQ and TU scores are FICO's. It’s also important to note that credit scores are only sometimes 100% accurate and can vary. VantageScore 3. The other two only report the name of your employer and do not add any weight to that fact. You also have an Equifax FICO® Score 8 and a TransUnion FICO® Score 8. Score: 4. The whole credit industry is weird. 2. On the next page, click on "Equifax Credit Report & Score. Credit-scoring Models Are Different. If you have any credit accounts, such as credit cards or loans, you have a credit report. Credit scoring at Equifax works in largely the same way as the process works at Experian (and TransUnion). That applied to both individuals and family plans. We are Indianapolis’s only Licensed, Bonded & Insured full service credit consulting company, InCreditable Advisors, give us a call today and let us help you improve your credit at 317-202-1297 to schedule your appointment today. This is why it’s. So, it's possible that Equifax and TransUnion could have different credit information on your reports, which could lead to your TransUnion score differing from your. " Still no change. The information available online shows that Equifax uses an 81-month credit history. 95 a month. ”. When people obtain their credit score through Transunion and Equifax, they are often surprised to see a different credit score from each bureau. Message 3 of 6. The other two only report the name of your employer and do not add any weight to that fact. Delinquencies reported on a loan reported on one credit report , but not the others, is the most common reason why you'll see wide credit score. The most common scores range from 300 points to 850 points. Very good: 740 to 799. . If you have many recent inquiries, lenders may assume that you are having financial problems. See your credit utilization rate details for each bureau. I haven't yet gotten a FICO on my EX report, but I know my EX report has a ton of other accounts on it and all my HPs from the last 24 months. It provides two scores, one based on credit bureau data from Equifax and the other based on data from TransUnion. FICO scores are generally calculated using five categories of information. Very good: 740 to 799. Learn more. VantageScore is the result of a collaboration between the three nationwide credit bureaus – Equifax, Experian and TransUnion. This includes an. The reason that this score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data. I'm at 705 TransUnion, but I'm at 588 on Equifax. In this article, we’ll compare two of the major credit bureaus, TransUnion, and Equifax, and answer the question: which score matters more? Why is my Transunion score different. Is there a specific reason for this? A: The reason your credit scores are different from each other is because of the different information that the credit bureaus have about you. Thanks in advance, L C BMW pulled a 540 experian for me while USAA and capital one. These factors are likely to yield different credit scores, even if your credit reports are. In general, the higher your score, the better your chances of getting approved for credit cards or loans with more favorable terms, including lower interest rates and fees. This means that there is not only a clear 200 point difference between these two bureaus but the “perfect scores” are also different, which is 1000 as reported by Experian and 1200 as reported by Equifax. Additionally, your score may fluctuate over time due to changes in your credit report. Your Equifax credit score is more likely to appear lower than your TransUnion one because of the reporting differences, but a “fair” score from TransUnion is typically “fair. And a lender may report updates to different bureaus at different times. My CreditWise score as of 9/12 is. FICO scores are general purpose credit scores developed. Although your scores in the two credit scoring models should be similar, it makes sense to check the score lenders are more likely to use. VantageScore was created in collaboration with all three credit bureaus, and VantageScore 3. Here’s why. Variations in the data reported by creditors and lenders, as well as. In contrast, TransUnion offers a free plan, as well as a subscription plan that costs $24. Why is my Equifax score lower than TransUnion? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Credit Report costs Rs. Lenders are generally checking your FICO score, which is yet again different than either the Equifax or Transunion. Multiple factors could account for why your scores are different. Tackling those reasons will help improve your score along with practicing good credit behaviors. The VantageScore 3. This means that your credit score may differ even with the same credit history. Since then TU has been the laggard of the three most of the time. It was a Verizon account paid in a BK that was d/c 4/4/17. Vantage scores are fickle things, anything could make the score change, heck the weather might affect for all I know. This is no different when it comes to Equifax vs. Even though the precise number of the ranges might vary, in practice, the differences aren't major: The higher your credit score,. The scores and credit report information on Credit Karma come from TransUnion and Equifax, two of the three major credit bureaus. You’ll have to purchase your credit score separately. Other factors used in determining. Data Collected. Your credit report is a record of how you manage your money. Length of credit history: 15%. Credit bureaus are companies that collect consumer credit information. In fact, there are several reasons why your scores from Experian, TransUnion and Equifax are typically different. Equifax. While it is possible for you to have only one credit score, it's unusual. FICO, which is a U. You can find the contact information under the account details section of your credit report. But each model makes very different scores. And a lender may report updates to different bureaus at different times. 0). Then I came directly here to myFICO and ran my FICO score. 10% types of accounts, known as credit mix. Credit score of 846 out of 999. TransUnion and Equifax are consumer reporting agencies; what they do is collect data about you and write your credit reports which show your debt history. Credit bureau: Credit scores are calculated using data listed on your credit report, which comes from one of the three major credit bureaus — Experian, Equifax or TransUnion. Experian is 601 and Equifax is around 689. Recently got a credit check for a mortgage and the Equifax score was 700, much lower than expected. in 2020 TU was ~40 lower than my EQ and ~30 lower than my EX. 0 scoring model. Why is my Experian score lower than credit karma? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. Experian. That’s the highest factor percentage, which means it’s critical to pay bills on time with no exceptions. Yeah and I wish they'd explain exactly what they did wrong. Why is Equifax lower? Your Equifax score is lower than the other credit scores because there is a slight difference in what is reported to each credit agency and each one uses a slightly different method to score your data. Users of TransUnion eCredable Lift can report their utility bill payments, resulting in an overnight improvement to their credit scores. TransUnion uses the VantageScore® model when calculating your credit score, based on a range of 300 – 850. Experian offers free access to credit scores and credit reports. 8/5 (74 votes) . Also it is at least possible that this is simply a question of the different scoring algorithms computing a different score. Updated: Aug 03, 2023 Why Your Credit Scores Can Vary So Much at Equifax, Experian, TransUnion Learn why credit scores. Equifax 54%. Equifax and Transunion use FICO 04 models for mortgage scores (309-839 and 334-818). 4/5 ( 47 votes ) The lower Equifax number is a common concern for many people. Score: 4. It's important to know that you have more than one credit report. I have since received a letter from Amex mentioning specifically my TransUnion credit report, so I created an account on TU to see my full report as well as download Credit Karma to check my TU score (as its apparently. There are a number of reasons for this. Equifax Any site that compares numbers and does a bunch of data-crunching will probably have their. The lower Equifax score compared to TransUnion can be attributed to the different factors and weighting used in their credit scoring models. . . This is because your total available credit is lowered when you close a line of credit, which could result in a higher credit utilization ratio. Why is my Equifax score lower than TransUnion? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. You’ll be able to attach supporting documents to your dispute if you submit it directly with TransUnion. Help spot potential signs of ID theft with 3-bureau credit file monitoring; Control access to your Equifax credit report, with certain exceptions, with the freedom to lock and unlock it; Uncover potential threats to your identity with dark web scanning and alertsGo to TransUnion’s site and submit a new dispute. In a Nutshell. Why is my Experian score so much lower than TransUnion and Equifax? This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. If your total credit limit across all your cards were $10,000, you’d want to keep your total balances below $3,000 to limit the negative impact on your score. A credit score discrepancy is a difference in your credit score from one credit bureau to another. See moreWhy is my Equifax credit score 37 points lower than my Experian score, and 47 point lower than my Transunion score? I have compared all 3 of my credit. Even if they have the same accounts and balances they may classify them differently. TransUnion ranges from a low of 300 to a high of 850. Why is my Credit Karma score higher than my actual score? This is mainly because of two reasons: For one, lenders may pull your credit from different credit bureaus, whether it is Experian, Equifax or TransUnion. The other uses VantageScore 3. Your score can then differ based on what bureau your credit report is pulled from since they don't all receive the same information. Re: Why is Experian so much higher? @C-XRS2005 wrote: only the one was from there, the other were from myfico. Why is my Equifax score lower than TransUnion? The reason that your Equifax score is lower than your TransUnion score is based on the fact that TransUnion adds personal information and employment data that is weighted into their model. Both hard and soft inquiries appear on your credit report, but it’s the hard inquires, those related to applying for credit cards and loans, that affect your score. Why is my Equifax score 100 points lower than TransUnion? If you have an installment loan that reports only to Experian, your Experian credit score may be very different Equifax and TransUnion. Why Is My Equifax Score Lower Than TransUnion? The lower Equifax number is a common concern for many.