Which Credit Score Matters More – TransUnion Or Equifax?

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Your financial situation depends on whether you should use Equifax or TransUnion to get a credit report. Credit reports give you a snapshot of your credit profile, including your debts and payment history. This information is important for a number of future financial decisions. It’s important to monitor your credit report regularly to avoid financing rejections.


Which Credit Score Matters More?

TransUnion and Equifax are reliable credit reporting agencies. However, each has its own scoring model and may produce different scores for mortgage broker chattanooga. You should monitor all three of your credit reports to ensure you get the most accurate information.

If you want to check your credit report, you can get your free credit report from both Equifax and TransUnion. If you want to monitor your credit score more regularly, you can sign up for a credit monitoring service. This will allow you to get a free monthly credit report from both TransUnion and Equifax.

Equifax is the most popular credit bureau. Equifax’s credit scores range from 280 to 850. The Equifax scoring model uses a FICO mathematical formula to calculate your score. You may find that your Equifax score is lower than your TransUnion score. You should investigate the reason for these differences.

TransUnion Or Equifax

TransUnion is one of the largest credit bureaus. It also is one of the least forgiving. It gives more weight to your credit utilization and payment history than the FICO model.

Credit utilization is the ratio of your outstanding credit balances to your total credit limits. Credit utilization accounts for 20% of your TransUnion score.