Wednesday, October 28, 2009

Of the big 3 credit report companies, which carries the most weight?

Looking at my credit scores they vary from company to company so I wondered if creditors look at a certain companies score more than the others because it is considered more relible.



Of the big 3 credit report companies, which carries the most weight?

No, every lender has their own default bureau and some pull all three.



Of the big 3 credit report companies, which carries the most weight?

Equifarce is the biggest by far....I don%26#039;t know if that translates into more importance for a creditor.



Of the big 3 credit report companies, which carries the most weight?

It%26#039;s hard to say, mortgage lenders throw out the high and low and use the middle score as your credit score. The algorithms used to calculate score are still a secret.



Of the big 3 credit report companies, which carries the most weight?

I would say Transunion, I know its not Experian.



Of the big 3 credit report companies, which carries the most weight?

I%26#039;ve worked for several different lenders, banks and mtg companies. One -- a big big bank -- pulled the credit report for consumer loans (these are the mortgages and home equities they portfolio) based on where you live. The mortgages got a combined 3-in-1 report. All the others used the 3-in-1. Then they line up the scores and use the one in the middle. If there are multiple borrowers, they use the lowest middle score.



Of the big 3 credit report companies, which carries the most weight?

It should be Equifax and Experian. I would say Equifax.

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