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[Azzurri]

I don't know if anyone has any knowledge with this stuff but I have a question.

So I purchased a new vehicle and they ran a credit report, my EQ and EX were in the high 700s like expected, but the TU was 670? How's is this possible? I pay everything on time and CC in large chunks?

Anyway to see what's up?

 

[Maiden Voyage]

You can pull your report once a year per credit agency.

The website looks sketchy as hell but it is the legit one:

Annual Credit Report.com - Home Page

ACR Home Page

www.annualcreditreport.com

For proof:

Free Credit Reports

Learn how, why, and when to order copies of your free annual credit report.

www.consumer.ftc.gov

 

[Maiden Voyage]

Also, here are some details on why your score can be different between agencies:

Why are my credit scores different?

Your credit scores may be different because there are many different scoring models and not all bureaus have the same information. Learn more.

www.creditkarma.com

1. Scores are from different dates. Since your scores might change at any time, it's important to compare credit scores from the same date.
2. Scores are calculated using different scoring models. Keep in mind, there are dozens of credit scoring models out there that may calculate your score a little differently.
3. Scores are calculated using different credit reports. Some lenders report to all three major credit agencies, but others report to only one or two. This means a credit agency may be missing information that helps or hurts your score.

The personal finance subreddit is a good resource as well. Here is their wiki page on credit reports:

Reddit - Dive into anything

www.reddit.com

 

[haxan7]

TransUnion probably shows something the other three companies don't. It could be a hard pull, or card balances reportedly differently, or a lot of different things. Run your reports and see.

I use creditkarma to keep a general eye on my credit. It's good to get regular updates to make sure there's no fraud or anything reported against you in error.

FICO score and Vantage are always different, with vantage always being lower. it could be TransUnion is calculating based on the VantageScore model, in which case all factors could be the same and your score would still come back a little lower.

 

[Azzurri]

Would running a report now hurt since I literally just had one ran?

 

[haxan7]

Would running a report now hurt since I literally just had one ran?

No, reports you run yourself are always a soft pull (meaning they don't count against your score). A hard pull is when you're trying to get credit for something.

 

[Maiden Voyage]

Your score will likely drop if you just paid off a loan or debt too. When I paid off my mortgage, my score dipped, for example.

 

[Maiden Voyage]

Would running a report now hurt since I literally just had one ran?

The reporting agencies are federally required to provide you with a copy of your report once a year. As haxan7 states, it will not affect your score. Just use the website above to make sure you're going the correct route. The 3 agencies will allow you to pull your report multiple times in exchange for a fee.

Soft pulls like credit karma, mint, discover, etc. also do not harm your score. That's because it's not the full, extensive report. Those websites make a guesstimate on the actual number. They are usually in the right ballpark and can even be spot on at times. In my experience they vary 20-40 points from my real score.

 

[Azzurri]

So I just checked TU score on CreditKarma and it's 743 and the other is 747

And it's upto date as of like right now

I do have 6 Hard Inq on my TU, but 3 drop off in a few months which is nice.

I really need to stop buy new cars every few years LMAO.

 

[haxan7]

So I just checked TU score on CreditKarma and it's 743 and the other is 747

And it's upto date as of like right now

I do have 6 Hard Inq on my TU, but 3 drop off in a few months which is nice.

Go to TransUnion and run your annual report. High 700s vs 670 is a pretty big jump. I'd be worried about an account mistakenly being sent to collections in that range, but it could be something else or just different less serious things combined.

 

[Maiden Voyage]

That's a great credit score

 

[newtypepilot]

watch this


basically the credit score you can get for free doesn't really mean much. As long as you are paying bills on time you'll be fine.

 

[Azzurri]

Go to TransUnion and run your annual report. High 700s vs 670 is a pretty big jump. I'd be worried about an account mistakenly being sent to collections in that range, but it could be something else or just different less serious things combined.

SO I did check it out on their website and it was 743. SO it must be something on the dealerships side.