The differences between credit scores Video

The Differences Between Credit Scores

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The differences between credit scores -

Markita Aldridge discusses personal finance and why is each credit score different

The differences between credit scores -

Markita Aldridge discusses personal finance and why is each credit score different

Added: 8/3/09

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The Differences Between Credit Scores

Why is each credit score different? Markita Aldridge-Woods: Again, it depends on the information that’s been reported. Also, you have—what happens is, sometimes on the report at the end of the month versus the beginning of the month with one credit bureau, so the mathematic models actually vary based on that, so, the information changes based on what they have. I think you have large companies. They may only report through TransUnion and the Experian, whereas one company may only repot to Equifax, so those scores are going to vary every time.

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Why is each credit score different?
Markita Aldridge-Woods: Again, it depends on the information that’s been reported. Also, you have—what happens is, sometimes on the report at the end of the month versus the beginning of the month with one credit bureau, so the mathematic models actually vary based on that, so, the information changes based on what they have. I think you have large companies. They may only report through TransUnion and the Experian, whereas one company may only repot to Equifax, so those scores are going to vary every time.

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