Transunion scoring

Transunion sent me a free Credit Report with a score. The Score was 583. 2-3 mos. ago on a realestate report from the 3 credit bureaus it was 690. The reason I got it free was that Citi wouldn't raise my limit from 3,500 based on my Credit Report from Transunion. When I requested it I had a choice of paying for another report, and as I remember, the other report was what they furnished companys and the score had a name. (Beacon I think) Does anyone have any information about there being different scores from Transunion, and different reports?

TU's score that they give you free of charge is worthless. They developed their own scoring system. I don't know anyone who uses. However, they do have the FICO score which you pay for. This is the score that creditors use. So don't mistake the two because the they could vary tremendously.


Equifax has the Beacon score. Creditors use this score also. If you subscribe to Credit Watch, you can get your scores daily if needed.

You can order right here at Bayhouse Order Reports (http://www.bayhouse.com/order-credit.shtml#Equifax)

The Fair Isaac TU score is called Empirica, and as worthless as TU's score is, it tells you that there's definitely something wrong with that credit report since the score is so low.

What do you get with the Empirica score if you buy it from TU?

Plain English explanations like for the Beacon? The real score factors?

I'd spend the 5 bucks or whatever it is, but TU won't let me order online. I don't want anyone to order just for me, but if you happen to buy that score, PLEASE post what you get.

I spent the 12.95 to get my FICO score from TU, which was 714. We know why they do this ($), but what is thier explination of having two scores?
Why wouldn't CITI increase my $3,500 line of Credit? Been with them since 91, never have had a past due with them or any of the any of the 16 other retail & major credit cards. $3,500 is by far the smallest credit line I have, owe nothing on the revolving accounts ($2-300 paid in full each month). Owe $55,000 on two mortgages since 66 & 67. Owe$5,900 on a Commercial Installment Loan. Do have IRS lien from 93, released 99, and 1 90, 3 60, 4 30 late payments from Mtg. Co. up to March of 97. 4 other CC companys have increased my Line of Credit, One doubling it. I heard that increasing Credit Lines will increase your score. Would it help my score to cancel CITI? Looking to re-finance at a good rate.

Something is really off.

The TU score was 583, and now the FICO score is 714 -- that's a 131 point difference!

I don't think much of the TU score, but it can't be that much off. Something isn't right.

Your FICO shouldn't be that high either with the lates and the lien.

Do you currently have investigations (disputes) pending?

Did you get the reasons for the Fair Isaac score?

Also, every credit card issuer has different underwriting guidelines, and Citi can be strange. It won't help your scores closing Citi - I would just not use it.

But if you have a total of 17 credit/charge cards, don't open any more - you'll lose points for having too many. Closing doesn't help because the account will still count and be reported for 10 years.

Why a TU score & a FICO from TU?

Something may be wrong but in this case I would think I wouldn't want to pursue it, if the FICO is correct. It did show 694 in a mortgage report in May.

My scores have been improving in the last couple years (when I became aware of scores), and I would think it's the ageing of my lates. All will drop off in March of 2003. The lien was placed in 93 and released in 99. Not sure if its dropped 10 years from lien date or release date.

Yes I do have investigations going on with Equifax, but that's my lowest score. Here is what Equifax shows...30 days late - 4...1/97...3 unknown dates. 60 days late - 3.....2/97...2 unknown dates. 90 days late - 1...3/97. I ask them to give me the unknown date. Remember all drop off 3/2003. I have another 30 day late from a mortgage company that I am contesting because from day 1 it has been bank drafted.

Yes I got reasons from TU but can't see any positive. Maybe didn't print them out. Reasons on the 583 score are. 1. Length of time oldest bank revolving account has been estabsished is to short. 2. Months since most recent serious delinquency is to short. 3. To many recently opened accounts. 4. Total balance of personal finance accounts is to high.

Reasons on the FICO 714 are 1. Serious delinquency or deregatory indicators/remarks, and public record or collection information being reported on your credit file. 2. You have missed payments reported on your credit accounts. 3. The length of time your accounts have been established is relatively short. 4. Proportion of loan balance to loan amounts being reported on you is to high.

Equifax Beacon FICO 701
Positive Factors
1. You have a low proportion of balances to credit limits on your revolving/charge accounts.

2. You demonstrate a relatively long credit history.

Negative Factors
1. Serious delinquency or derogatory indications/remarks, and public record or collection information is being reported on your credit file.

2. The time since your most recent past due payment is too recent or unknown.

I have a recent collection that I am going to contest. A utility company didn't bank draft the final bill from a rental unit and I didn't find out about it untill a collection agency contacted me.